Suppose you purchase a March 2012 cocoa futures contract on November 22, 2011, at the last price
Question:
Suppose you purchase a March 2012 cocoa futures contract on November 22, 2011, at the last price of the day. What will your profit or loss be if cocoa prices turn out to be $2,431 per metric ton at expiration?
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The initial price is 2414 per metric ton and each contract is for 10 met...View the full answer
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Related Book For 
Corporate Finance
ISBN: 978-0077861759
10th edition
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe
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