Look at the futures listings for the corn contract in Table 2.7: Suppose you buy one contract for March 2020 delivery. If the contract closes in March at a level of 4.27, what will your profit be? (Round your answer to 2 decimal places.) Profit

Essentials Of Investments
11th Edition
ISBN:9781260013924
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Chapter1: Investments: Background And Issues
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Table 2.7
Corn futures prices
on the Chicago
Mercantile Exchange,
January 3, 2019
Maturity Last 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
Low
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 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 Low
Look at the futures listings for the corn contract in Table 2.7
Suppose you buy one contract for March 2020 delivery. If the contract closes in March at a level of 4.27, 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 March 2020 delivery. If the contract closes in March at a level of 4.27, what will your profit be? (Round your answer to 2 decimal places.) Profit
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