You sold a futures contract on corn at a futures price of $5000, and at the time
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You sold a futures contract on corn at a futures price of $5000, and at the time of expiration, the price was $7000. Recall, each corn contract corresponds to 5,000 bushels, and prices are quoted at cents per bushel. What was your profit?"
Related Book For
Financial Reporting and Analysis
ISBN: 978-0078025679
6th edition
Authors: Flawrence Revsine, Daniel Collins, Bruce, Mittelstaedt, Leon
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