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Suppose you purchase a March 2017 orange juice futures contract on this day at the last price of the day. Use Table 23.1 What will
Suppose you purchase a March 2017 orange juice futures contract on this day at the last price of the day. Use Table 23.1 What will your profit or loss be if orange juice prices turn out to be $1.7125 per pound 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 Suppose you purchase a March 2017 orange juice futures contract on this day at the last price of the day. Use Table 23.1 What will your profit or loss be if orange juice prices turn out to be $1.7125 per pound 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
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