Question 29 (1 point) On Monday, you sold short one Soybeans futures contract at $15.00 per bushel, as shown in the table, below. The daily price changes are shown in the right-hand column. On Friday the contract settled at a price of $13.25 and you closed your position through offset at that price. What is the som of your daily profits over the week? (There are 5,000bu in a Soybeans futures contract.) Round your answer to the nearest dollar. Price Price Change ($) Day ($/bu) (Since Yesterday) Monday $15.00 Tuesday -1.00 Wednesday -1.00 Thursday -1.00 Friday $13.25 Your Answer: Answer

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
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Question 29 (1 point)
On Monday, you sold short one Soybeans futures contract at $15.00 per bushel, as
shown in the table, below. The daily price changes are shown in the right-hand
column. On Friday the contract settled at a price of $13.25 and you closed your
position through offset at that price. What is the som of your daily profits over the
week? (There are 5,000bu in a Soybeans futures contract.) Round your answer to the
nearest dollar.
Price
Price Change ($)
Day
($/bu)
(Since Yesterday)
Monday
$15.00
Tuesday
-1.00
Wednesday
-1.00
Thursday
-1.00
Friday
$13.25
Your Answer:
Answer
Transcribed Image Text:Question 29 (1 point) On Monday, you sold short one Soybeans futures contract at $15.00 per bushel, as shown in the table, below. The daily price changes are shown in the right-hand column. On Friday the contract settled at a price of $13.25 and you closed your position through offset at that price. What is the som of your daily profits over the week? (There are 5,000bu in a Soybeans futures contract.) Round your answer to the nearest dollar. Price Price Change ($) Day ($/bu) (Since Yesterday) Monday $15.00 Tuesday -1.00 Wednesday -1.00 Thursday -1.00 Friday $13.25 Your Answer: Answer
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