In: Finance
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 |