Look at the futures listings for corn in Figure 2.10. a. Suppose you buy one...

Look at the futures listings for corn in Figure 2.10.

a.	Suppose you buy one contract for July 2012 delivery. If the contract closes in July at a price of $6.66 per bushel, what will be your profit or loss? (Each contract calls for delivery of 5,000 bushels.)

(Click to select)LossProfit

b.	How many July 2012 maturity contracts are outstanding?

Number of outstanding contracts

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jeff jeffy answered 3 months ago

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