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Question
You purchased five August 13 futures contracts on soybeans at a price quote of 1056"²6. Each contract is for 5,000 bushels with the price quoted in cents and 1/8 ths of a cent per bushel. Assume the contract price is 1061"²4 when you close out your contract six weeks from now. What will be your total profit or loss on this investment?A. $950.25
B. $1,187.50
C. $6,480.75
D. $16,200.50
E. $24,000.00
Answer
This answer is hidden. It contains 46 characters.
Related questions
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