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Use the following corn futures quotes for Problems 1 1 - 1 3 : Futures Quotations ( LO 3 , CFA 4 ) How many

Use the following corn futures quotes for Problems

11 - 13

Futures Quotations

(

3,

CFA

4)

How many of the March contracts are currently open?

How many of these contracts should you sell if you wish to deliver

225, 000

bushels of corn in

March? If you actually make delivery, how much will you receive? Assume you locked in the

settle price.

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