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Corn futures prices on the Chicago Mercantile Exchange, January 3, 2019 Maturity Last Low Change High Mar-19 3.8025 0.7500 3.8075 3.7975 May-19 3.8800 0.5000 3.8800 3.8750 Jul-19 3.9500 0.2500 3.9525 3.9450 Sep-19 3.9700 0.0000 3.9700 3.9650 Dec-19 4.0075 -0.5000 4.0100 4.0025 Mar-20 4.0975 0.0000 4.1000 4.0950

Corn futures prices on the Chicago Mercantile Exchange, January 3, 2019 Maturity Last Low Change High Mar-19 3.8025 0.7500 3.8075 3.7975 May-19 3.8800 0.5000 3.8800 3.8750 Jul-19 3.9500 0.2500 3.9525 3.9450 Sep-19 3.9700 0.0000 3.9700 3.9650 Dec-19 4.0075 -0.5000 4.0100 4.0025 Mar-20 4.0975 0.0000 4.1000 4.0950

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Table 2.7 Corn futures prices on the Chicago Mercantile Exchange, January 3, 2019 Maturity Last Mar-19 May-19 Jul-19 Sep-19 Dec-19 Mar-20 Change High 3.8025 0.7500 3.8075 3.7975 3.8800 0.5000 3.8800 3.8750 3.9500 0.2500 3.9525 3.9450 3.9700 0.0000 3.9700 3.9650 4.0075 -0.5000 4.0100 4.0025 4.0975 0.0000 4.1000 4.0950 Low Source: www.cmegroup.com.
Transcribed Image Text:Table 2.7 Corn futures prices on the Chicago Mercantile Exchange, January 3, 2019 Maturity Last Mar-19 May-19 Jul-19 Sep-19 Dec-19 Mar-20 Change High 3.8025 0.7500 3.8075 3.7975 3.8800 0.5000 3.8800 3.8750 3.9500 0.2500 3.9525 3.9450 3.9700 0.0000 3.9700 3.9650 4.0075 -0.5000 4.0100 4.0025 4.0975 0.0000 4.1000 4.0950 Low Source: www.cmegroup.com.
Look at the futures listings for the corn contract in Table 2.7. Suppose you buy one contract for December 2019, delivery. If the contract closes in December at a level of 4.25, what will your profit be? (Round your answer to 2 decimal places.) Profit
Transcribed Image Text:Look at the futures listings for the corn contract in Table 2.7. Suppose you buy one contract for December 2019, delivery. If the contract closes in December at a level of 4.25, what will your profit be? (Round your answer to 2 decimal places.) Profit
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