You purchase a 5,000-bushel contract for corn at $1.90 per bushel ($9,500 total). The initial margin requirement

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You purchase a 5,000-bushel contract for corn at $1.90 per bushel ($9,500 total). The initial margin requirement is 7 percent. The price goes up to $1.98 in one month. What is your percentage profit and the annualized gain?

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Fundamentals of Investment Management

ISBN: 978-0078034626

10th edition

Authors: Geoffrey Hirt, Stanley Block

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Question Posted: Sep 21, 2015 05:37 AM

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You purchase a 5,000-bushel contract for corn at $1.90 per bushel ($9,500 total). The initial margin requirement

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Fundamentals of Investment Management

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