Question: Refer to Table 25.2 in the text to answer this question. Suppose you purchase a March 2015 cocoa futures contract on January 8, 2015, at

Refer to Table 25.2 in the text to answer this question. Suppose you purchase a March 2015 cocoa futures contract on January 8, 2015, at the last price of the day. What will your profit or loss be if cocoa prices turn out to be $3,027 per metric ton at expiration?

Table 25.2

Futures Contracts 1229 50 12195 12104 ze 8N 7 173 0 121B5 12140 LE3 22903 Ap 1226 00 121675 12110 LLS-87 8028080280 787.75 YL20-735 8832eee 26.120205-170253-290 1lb4 L747 1220 -050 6.367 Jete 127 215 227-300 2-22012,295 4 3229 ti ia March 14734 e 16488 14753S 090 99 530 99 590 995800 99 58 015 Myth 15:36 2.5148 1soas 15BA -coa) 261207 427 25 y9575 y%25 -a75622Spy Mych 99 01.PRL3 Nig 'MP, "COSL 62 Dec 422 49300 419 75 42025 -s001".117 Ane Mach 31 50 6340 925 00 1125 S5P500Inx(O ane 2t39 50201t 50 190950 201256 25.50 "#2 Marc 487 0 142100 410 1 MiniRaasell 2000 sm t .ida March 1:53 RO 1172 70 11SR 401160 ,mail line il M 2470 127S32 720 112450 1114 PD 2280 13.70 90

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