You buy 20 corn futures contracts when the futures price is $3.67 per bushel (each contract is for 5,000 bushels) .If you eventually settle the contract at $3.78,what is your profit?
A) $11,000
B) $13,000
C) $9,500
D) $15,000
Correct Answer:
Verified
Q48: Exhibit 23-2
Coffee; 37,500 lbs per contract, $
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Q50: Exhibit 23-2
Coffee; 37,500 lbs per contract, $
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Q54: Exhibit 23-2
Coffee; 37,500 lbs per contract, $
Q55: Exhibit 23-2
Coffee; 37,500 lbs per contract, $
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