Question: Problem 5 (4 points, LOL) The table below illustrates the current listing of the wheat futures contract on the Chicago Board of Trade. Each contract
Problem 5 (4 points, LOL) The table below illustrates the current listing of the wheat futures contract on the Chicago Board of Trade. Each contract calls for delivery of 5,000 bushels of wheat. Assume you buy purchased four April futures contracts on wheat when the price quote was 57.277. Given today closing prices (or settle price) as shown in the table, what will be your profit or loss if the price at maturity went to $7.25% Open 746'90 High 752'90 Low 731'20 Settle 73320 April 2019
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