How many of the March contracts are currently open? How many of these contracts should you sell

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How many of the March contracts are currently open? How many of these contracts should you sell if you wish to deliver 225,000 bushels of corn in March? If you actually make delivery, how much will you receive? Assume you locked in the settle price.

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Fundamentals of Investments Valuation and Management

ISBN: 978-0078115660

7th edition

Authors: Bradford Jordan, Thomas Miller

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Question Posted: Nov 18, 2016 09:25 AM

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How many of the March contracts are currently open? How many of these contracts should you sell

Question:

Corn 5,000 bushels Contract Month Mar May July Open High Low Settle Chg Open Int 455.125 457.000 451.750 452.000 2.750 597,913 467.000 468.000 463.000 463.250 2.750 137,547 477.000 477.500 472.500 473.000 2.000 153,164 475.000 475.500 471.750 472.250 -2.000 29,258

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Given Data Open High Low Settle Chg Open Int Corn 5000 bu Mar 455125 45...View the full answer

Fundamentals of Investments Valuation and Management

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