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Use the following corn futures quotes: Suppose you buy 1 7 of the September corn futures contracts at the last price of the day. One
Use the following corn futures quotes:
Suppose you buy of the September corn futures contracts at the last price of the day. One month from now, the futures price of this
contract is and you close out your position. Calculate your dollar profit on this investment.
Note: A negative value should be indicated by a minus sign. Do not round intermediate calculations. Round your answer to
decimal places.
Answer is complete but not entirely correct.
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