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Use the following corn futures quotes: a. How many of the July contracts are currently open? b. How many of these contracts should you sell

image text in transcribed Use the following corn futures quotes: a. How many of the July contracts are currently open? b. How many of these contracts should you sell if you wish to deliver 125,000 bushels of corn in July? c. If you actually make delivery, how much will you receive? Assume you locked in the settle price. Note: Do not round intermediate calculations. Round your answer to the nearest whole number

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