Ethanol futures contracts are based on 29,000 gallons and are priced in dollars per gallon. Assume the

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Ethanol futures contracts are based on 29,000 gallons and are priced in dollars per gallon. Assume the end-of-day prices on a contract are: Open 2.220, High 2.231, Low 2.181, and Settle 2.186.
What is the maximum profit that an investor could have earned by buying and selling one of these contracts on this day?
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Microeconomics

ISBN: 978-1118572276

5th edition

Authors: David Besanko, Ronald Braeutigam

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