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You sold a futures contract on corn at a futures price of $700, and at the time of expiration, the price was $630. Recall,
" You sold a futures contract on corn at a futures price of $700, and at the time of expiration, the price was $630. Recall, each corn contract corresponds to 5,000 bushels, and prices are quoted at cents per bushel. What was your profit Step by Step Solution
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Public Finance A Contemporary Application Of Theory To Policy
Authors: David N Hyman
8th Edition
0324259700, 978-0324259704
