Question
Suppose you buy 10 orange juice contracts today in the futures Markets at the settle price of $1 per pound. Each contract calls for the
Suppose you buy 10 orange juice contracts today in the futures Markets at the settle price of $1 per pound. Each contract calls for the delivery of 15000 pounds of orange juice in three months time. If the settle price is lower tomorrow by two cents per pound, how much do you make or lose ?
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Financial Markets And Institutions
Authors: Anthony Saunders, Marcia Cornett
7th Edition
1259919714, 978-1259919718
