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Suppose you purchase a January 2021 rough rice futures contract on December 4 , 2020, at the last price of the day. Use Table 25.2.
Suppose you purchase a January 2021 rough rice futures contract on December 4 , 2020, at the last price of the day. Use Table 25.2. What will your profit or loss be if rough rice prices turn out to be $.1476 per hundredweight at expiration? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16) Table 25.2 Futures Contracts Quote, December 4, 2020 Suppose you purchase a January 2021 rough rice futures contract on December 4 , 2020, at the last price of the day. Use Table 25.2. What will your profit or loss be if rough rice prices turn out to be $.1476 per hundredweight at expiration? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16) Table 25.2 Futures Contracts Quote, December 4, 2020
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