Use the following corn futures quotes: Contract Month Mar Corn 5,000 bushels Open High Low 455.125...

  

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Use the following corn futures quotes: Contract Month Mar Corn 5,000 bushels Open High Low 455.125 457.000 May Settle 451.750 452.000 -2.750 467.000 468.000 463.000 463.250 -2.750 Chg Open Int 597,913 137,547 July Sep 153,164 477.000 477.500 472.500 473.000 -2.000 475.000 475.500 471.750 472.250 -2.000 29,258 a. How many of the July contracts are currently open? b. How many of these contracts should you sell if you wish to deliver 130,000 bushels of corn in July? contracts If you actually make delivery, how much will you receive? Assume you locked in the settle price. $ (Do not round intermediate calculations. Round your answer to the nearest whole number.) Use the following corn futures quotes: Contract Month Mar Corn 5,000 bushels Open High Low 455.125 457.000 May Settle 451.750 452.000 -2.750 467.000 468.000 463.000 463.250 -2.750 Chg Open Int 597,913 137,547 July Sep 153,164 477.000 477.500 472.500 473.000 -2.000 475.000 475.500 471.750 472.250 -2.000 29,258 a. How many of the July contracts are currently open? b. How many of these contracts should you sell if you wish to deliver 130,000 bushels of corn in July? contracts If you actually make delivery, how much will you receive? Assume you locked in the settle price. $ (Do not round intermediate calculations. Round your answer to the nearest whole number.)