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QUESTION 15 Use the following com futures quotes: Contract Month Mar May July Sep Corn 5,000 bushels Open High Low Settle 455.125 457.000 451.750 452.000

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QUESTION 15 Use the following com futures quotes: Contract Month Mar May July Sep Corn 5,000 bushels Open High Low Settle 455.125 457.000 451.750 452.000 467.000 468.000 463.000 463.250 477.000 477.500 472.500 473.000 475.000 475.500 471.750 472.250 Chg Open Int -2.750 597,913 -2.750 137,547 -2.000 153,164 -2.000 29,258 a. How many of the July contracts are currently open? b. How many of these contracts should you sell if you wish to deliver 130,000 bushels of corn in July? contracts If you actually make delivery, how much will you receive? Assume you locked in the settle price. $ (Do not round Intermediate calculations. Round your answer to the nearest whole number.)

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