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You are long 60 May 2019 corn futures contracts. Calculate your dollar profit or loss from this trading day. (A negative value should be indicated
You are long 60 May 2019 corn futures contracts. Calculate your dollar profit or loss from this trading day. (A negative value should be indicated by a minus sign. Do not round intermediate calculations.)
\begin{tabular}{|c|c|c|c|c|c|c|} \hline \multicolumn{7}{|c|}{\begin{tabular}{l} Agriculture Futures \\ Corn (CBT)-5,000 bu.; cents per bu. \end{tabular}} \\ \hline May & 360.25 & 362.75 & 360.00 & 361.75 & 1.75 & 553,142 \\ \hline July & 368.75 & 371.75 & 368.75 & 370.75 & 2.25 & 556,095 \\ \hline \multicolumn{7}{|c|}{ Oats (CBT)-5,000 bu.; cents per bu. } \\ \hline May & 282.00 & 282.00 & 277.00 & 279.00 & -2.25 & 3,102 \\ \hline July & 274.25 & 274.75 & 269.75 & 272.75 & -1.00 & 1,875 \\ \hline \multicolumn{7}{|c|}{ Soybeans (CBT)-5,000 bu.; cents per bu. } \\ \hline May & 898.75 & 903.75 & 897.25 & 902.00 & 3.25 & 267,825 \\ \hline July & 911.50 & 917.00 & 910.25 & 915.25 & 3.50 & 261,722 \\ \hline \end{tabular}Step by Step Solution
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