Look at the futures listings for the corn contract in Table 2.7. Suppose you buy one contract for September 2019 delivery. If the contract closes in September at a level of 4.36, what will your profit be? (Round your answer to 2 decimal places.)
Look at the futures listings for the corn contract in Table 2.7. Suppose you buy one contract for September 2019 delivery. If the contract closes in September at a level of 4.36, what will your profit be? (Round your answer to 2 decimal places.)
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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Look at the futures listings for the corn contract in Table 2.7.
Suppose you buy one contract for September 2019 delivery. If the contract closes in September at a level of 4.36, what will your profit be? (Round your answer to 2 decimal places.)
Transcribed Image Text:Table 2.7
Corn futures prices
on the Chicago
Mercantile Exchange,
January 3, 2019
Maturity Last Change High
Mar-19 3.8025
May-19
Jul-19
Low
0.7500 3.8075 3.7975
3.8800 0.5000 3.8800 3.8750
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
Source: www.cmegroup.com.
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