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 |
| 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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Fundamentals Of Corporate Finance
Authors: Jonathan Berk, Peter DeMarzo, Jarrod Harford, David Stangeland, Andras Marosi
3rd Canadian Edition
0135418178, 978-0135418178
