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Suppose that you buy 4 Mar. 2023 corn futures contracts at a price of 690 ' 4. You close your position 3 weeks later by
Suppose that you buy 4 Mar. 2023 corn futures contracts at a price of 690 ' 4. You close your position 3 weeks later by selling 4 Mar. 2023 corn contracts at a price of 685 ' 6 . What is your total dollar profit or loss? A. LOSS of $125.50 B. LOSS of $950.00 C. PROFIT of $150.00 D. PROFIT of $950.00 QUESTION 15 Suppose that you short 5 Jan . 2023WTI crude oil futures contracts at a price of 90.66 You close your position 3 weeks later by buying 5 Jan. 2023WTl crude oil futures contracts at a price of 93.54. What is your total dollar profit or loss? A. LOSS of $2,880 B. LOSS of $14,400 C. PROFIT of $2,880 D. PROFIT of $14,400
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