Question
Use the following corn futures quotes: Corn 5,000 bushels Contract Month Open High Low Settle Chg Open Int Mar 455.125 457.000 451.750 452.000 ?2.750 597,913
| Use the following corn futures quotes: |
| Corn 5,000 bushels | ||||||
| Contract Month | Open | High | Low | Settle | Chg | Open Int |
| Mar | 455.125 | 457.000 | 451.750 | 452.000 | ?2.750 | 597,913 |
| May | 467.000 | 468.000 | 463.000 | 463.250 | ?2.750 | 137,547 |
| July | 477.000 | 477.500 | 472.500 | 473.000 | ?2.000 | 153,164 |
| Sep | 475.000 | 475.500 | 471.750 | 472.250 | ?2.000 | 29,258 |
| Suppose you sell 18 of the May corn futures at the high price of the day. You close your position later when the price is 465.500. Ignoring commission, what is your dollar profit on this transaction? |
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Project Finance In Construction
Authors: Tony Merna, Yang Chu, Faisal F. Al-Thani
1st Edition
1444334778, 978-1444334777
