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Use the following corn futures quotes: Use the following corn futures quotes: Suppose you buy 35 of the September corn futures contracts at the last
Use the following corn futures quotes:
Use the following corn futures quotes: Suppose you buy 35 of the September corn futures contracts at the last price of the day. One month from now, the futures price of this contract is 465.375 , 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 2 decimal placesStep by Step Solution
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