Question
Today you go long on 9 December contracts of lean hog futures, at a price of 68.7 cents per pound. One contract is for 40K
Today you go long on 9 December contracts of lean hog futures, at a price of 68.7 cents per pound. One contract is for 40K pounds. One month later, December futures are trading at 63.1 cents per pound. If you close out your position at this time, what is your profit from this position?
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Financial Informatics An Information Based Approach To Asset Pricing
Authors: Dorje C Brody, Lane Palmer Hughston, Andrea Macrina
1st Edition
9811246483, 978-9811246487
