FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Use the following com futures quotes: Com 5,000 bushels Contract Month Open High Mar 455.125 457.000 451.750 May 467.000 468.000 463.000 July 477.000 477.500 472.500

image text in transcribed
Use the following com futures quotes: Com 5,000 bushels Contract Month Open High Mar 455.125 457.000 451.750 May 467.000 468.000 463.000 July 477.000 477.500 472.500 475.000 475.500 471.750 Low Settle 452.000 463.250 473.000 472 250 Chg -2.750 -2.750 -2.000 -2.000 Sep Open Int 597.913 137.547 153,164 29,258 Suppose you sell 37 of the May com futures at the high price of the day. You close your position later when the price is 467 750 Ignoring commission, what is your dollar profit on this transaction? (Do not round intermediate calculations. Round your answer to 2 decimal places and enter negative with a "minus")

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

If Youre So Smart Why Arent You Rich A Guide To Investing Fundamentals

If Youre So Smart Why Arent You Rich A Guide To Investing Fundamentals

Authors: Ben S. Branch

1st Edition

0275990281, 978-0275990282

More Books

Students also viewed these Finance questions

Question

★★★★★
A 0.5-kg object is acted on by a force whose x component varies with time as shown in FIGURE 5-26. Draw the corresponding ax-versus-time graph for this object. 4 1 4 t (s) 3. 2. 3. 2. (N) *1

Answered: 1 week ago

Question

★★★★★
Mod 2 Homework: OOP and TDD Test-Driven Development Test-driven development, or TDD, involves three stages often referred to as Red-Green-Refactor: 1. Write a test for some functionality you want to...

Answered: 1 week ago

Question

★★★★★
=+ d. Sergio, a classically trained musician who can only find work playing for local parties

Answered: 1 week ago

Question

★★★★★
The controller of Moravian Ceramics Inc. wishes to prepare a cost of goods sold budget for April. The controller assembled the following information for constructing the cost of goods sold budget:...

Answered: 1 week ago

Question

★★★★★
Use the following com futures quotes: Com 5,000 bushels Contract Month Open High Mar 455.125 457.000 451.750 May 467.000 468.000 463.000 July 477.000 477.500 472.500 475.000 475.500 471.750 Low...

Answered: 1 week ago

Question

★★★★★
How different RFID types fit within metal industry? note: give the ans in a short paragraph. asap

Answered: 1 week ago

Question

★★★★★
David Porter is the management accountant at Spruce Bank, where the data science department is leading an initiative to predict whether loans will default or repay. The default rate in the training...

Answered: 1 week ago

Question

★★★★★
Explain the following based on Professional Career Planning: 1. Self-Assessment - Self Analyzing, Self-Upgrading and Self-Improvement 2. Hard Skills 3. Soft Skills 4. Importance of Vision in Career...

Answered: 1 week ago

Question

★★★★★
Analysis of Financial Projections - With Given Case Data ----------Total Number of Students---------- 20 25 30 37 Total Revenue: 2-3 year olds ($17 per day x 250/12 x 80%) 2,550 3,400 4,250 5,383...

Answered: 1 week ago

Question

★★★★★
Matt cannot go through 24 million scholarship search results. What are some strategies he can use to narrow his scholarship search and maximize his chances of getting more scholarship money?

Answered: 1 week ago

Question

★★★★★
Identify the critical path and its activities for Rockfest. how long does the project take? which activities have a slack time of 8 weeks or more? identify 5 major challenges a project manager faces...

Answered: 1 week ago

Previous Question Next Question