Question: Check my work 14 Problem 2-25 2 DO Look at the futures listings for corn in Figure 2.11. Suppose you buy one contract for December
Check my work 14 Problem 2-25 2 DO Look at the futures listings for corn in Figure 2.11. Suppose you buy one contract for December 2017 delivery at the closing price of the contract closes in December at a price of $4.03 per bushel what will be your profit or loss? (Each contract calls for delivery of 5,000 bushels) (Round your answer to 2 decimal places.) Print ference LAST CHG HIGH LOW Corn futures prices on the Chicago Mercantile Exchange, April 18, 2017 Maturity May '17 Jul '17 Sep '17 Dec '17 Mar '17 3.6125 3.6775 3.7525 3.8575 3.9575 -0.0525 -0.0550 -0.0475 -0.0450 -0.0400 3.6800 3.7450 3.8125 3.9 150 4.0025 3.6075 3.6725 3.7475 3.8525 3.9475
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