Question 1 (3 pts): Offsetting • Today - sell 1 Dec Corn contract at 685'4 • • December 1st buy 1 Dec Corn contract at 701'0 Calculate the profit or loss on the contract.

Macroeconomics: Private and Public Choice (MindTap Course List)
16th Edition
ISBN:9781305506756
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
ChapterST3: The Stock Market: Its Function, Performance, And Potential As As Investemtn Opportunity
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Question 1 (3 pts): Offsetting
• Today - sell 1 Dec Corn contract at 685'4
•
•
December 1st buy 1 Dec Corn contract at 701'0
Calculate the profit or loss on the contract.
Transcribed Image Text:Question 1 (3 pts): Offsetting • Today - sell 1 Dec Corn contract at 685'4 • • December 1st buy 1 Dec Corn contract at 701'0 Calculate the profit or loss on the contract.
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