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Suppose you purchase a March 2021 corn futures contract on December 4, 2020, at the last price of the day. Use Table 25.2. What will
Suppose you purchase a March 2021 corn 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 corn prices turn out to be $4.314 per bushel at expiration? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16)
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