Question
You buy 4 September ethanol contracts at 2.294. The contract is defined as 29,000 gallons (approximately 1 railcar); $/g; $12,000, $7,200. At the end of
You buy 4 September ethanol contracts at 2.294. The contract is defined as 29,000 gallons (approximately 1 railcar); $/g; $12,000, $7,200. At the end of the month the price stands at 2.166. Your equity in this position is thus
$33,152.00
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Personal Finance Turning Money Into Wealth
Authors: Arthur J. Keown
6th Edition
0132719169, 978-0132719162
