A coffee bean futures contract is quoted 95 cents per lb. The contract is for 37,500lbs. What

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A coffee bean futures contract is quoted 95 cents per lb. The contract is for 37,500lbs. What is the value of teh contract?

Answer in dollar, not in cents

Please show formulas and steps

Related Book For answer-question

Investment

ISBN: 978-0073530703

9th edition

Authors: Zvi bodie, Alex kane, Alan j. marcus

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Posted Date: May 10, 2022 05:07 AM

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A coffee bean futures contract is quoted 95 cents per lb. The contract is for 37,500lbs. What

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Value of the contract co... View the full answer

Investment

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