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Suppose you purchase a March 2017 corn futures contract on this day at the last price of the day. Use Table 23.1 What will your
Suppose you purchase a March 2017 corn futures contract on this day at the last price of the day. Use Table 23.1 What will your profit or loss be if corn prices turn out to be $3.523 per bushel at expiration? (Do not round intermediate calculations. Enter your answer as a positive value and round your answer to 2 decimal places, e.g., 32.16.) Loss oture 2.PNG photos + Add to N 500,405 369.50 377.25 -1.25 -1.25 346,739 254.50 -50 4,155 253.00 3.00 3,027 Corn (CBT)-5,000 bu; cents per bu. March 369.50 372.75 367.50 May 377.25 380.25 375.25 Oats (CBT)-5,000 bu; cents per bu. March 256.00 257.50 250.00 May 248.25 254.00 246.00 Soybeans (CBT)-5,000 bu; cents per bu. March 1057.00 1061.50 1045.00 May 1067.25 1071.50 1055.50 Soybean Meal (CBT)-100 tons; $ per ton. March 340.70 341.60 335.90 May 344.80 345.80 340.10 Soybean Oil (CBT)-60,000 lbs; cents per lb. March 34.67 34.98 34.47 May 34.96 35.26 34.76 -8.25 1050.50 1061.50 248,998 210,368 - 7.75 338.40 -2.80 126,399 342.60 -2.70 122,484 34.67 -.02 123,991 34.95 -.03 118,319
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