You decide to act on your hunches about feeder cattle, so you purchase 4 contracts for April

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You decide to act on your hunches about feeder cattle, so you purchase 4 contracts for April delivery at 88.8. You are required to put down 10%. How much equity/capital did you need to make this transaction?

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Fundamentals of Investing

ISBN: 978-0133075359

12th edition

Authors: Scott B. Smart, Lawrence J. Gitman, Michael D. Joehnk

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Question Posted: Apr 28, 2015 03:55 AM

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You decide to act on your hunches about feeder cattle, so you purchase 4 contracts for April

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Fundamentals of Investing

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