Question
You are long 20 Orange juice contracts today at a settle price of $1 per pound. What is the cost of these 10 contracts for
You are long 20 Orange juice contracts today at a settle price of $1 per pound. What is the cost of these 10 contracts for you? If the settle price is higher by 2 cents per pound tomorrow, how much do you make or lose? The contract size is 15,000 lbs.
$0; -$3000
$1000; -$3000
$3000; -$3000
$0; $3000
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Finance For Non Financial Managers
Authors: Pierre G. Bergeron
5th Edition
0176104070, 9780176104078
