Question: Use the following corn futures quotes: Suppose you sell 21 of the May corn futures at the high price of the day. You close your


Use the following corn futures quotes: Suppose you sell 21 of the May corn futures at the high price of the day. You close your position later when the price is 466.375 . Ignoring commission, what is your dollar profit on this transaction? Note: Do not round intermediate calculations. Round your answer to 2 decimal places. Use the following corn futures quotes: a. How many of the May contracts are currently open? b. How many of these contracts should you sell if you wish to deliver 125,000 bushels of corn in May? c. If you actually make delivery, how much will you receive? Assume you locked in the settle price. Note: Do not round intermediate calculations. Round your answer to the nearest whole number
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