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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 |
b. How many of these contracts should you sell if you wish to deliver 165,000 bushels of corn in March? Contracts: c. If you actually make delivery, how much will you receive? Assume you locked in the settle price. (Do not round intermediate calculations. Round your answer to the nearest whole number.) Price: |
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