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You are a trader in the soybean market.On December 13, 2020, you soldten MAY21 contracts for the opening price of the day.Later in the day,

You are a trader in the soybean market.On December 13, 2020, yousoldtenMAY21 contracts for the opening price of the day.Later in the day, youboughttenMAY21 contracts for the closing price of the day.Assume there was a $25 broker fee to execute the round turn.Your total profit on your trade was:

a.$1850.

b.$1875.

c.$2250.

d.$2225.

image text in transcribed
Use the following table to answer the question below: Soybean: December 13, 2020 Price Unit: Cents and quarter-cents/bu Contract Size = 5,000 bushels Exp Open High Low Settle/Close MAY21 946'2 946'4 938'0 942'4 JLY21 940'0 948'4 938'4 944'2 You are a trader in the soybean market. On December 13, 2020, you sold ten MAY21 contracts for the opening price of the day. Later in the day, you bought ten MAY21 contracts for the closing price of the day. Assume there was a $25 broker fee to execute the round turn. Your total profit on your trade was: a. $1850. b. $1875. c. $2250. d. $2225

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