Look at the futures listings for corn in Figure 2.11.
a. Suppose you buy one contract for May 2015
delivery at the closing price. If the contract closes in May at a
price of $3.68 per bushel, what will be your profit or loss? (Each
contract calls for delivery of 5,000 bushels.) (Round your
answer to 2 decimal places.)
(Click to select) Profit Loss of $
b. How many May 2015 maturity contracts are
outstanding?
Number of outstanding contracts
Homework Answers
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Look at the futures listings for corn in Figure 2.11.
a. Suppose you buy one contract...
Problem 2-25 Look at the futures listings for corn in Figure 2.11, Suppose you buy one...
Problem 2-25 Look at the futures listings for corn in Figure 2.11, Suppose you buy one contract for March 2017 delivery at the closing price. If the contract closes in March at a price of $3.99 per bushel, what will be your profit or loss? (Each contract calls for delivery of 5,000 bushels.) (Round your answer to 2 decimal places.) Profit Maturity LAST C HG HIGH FIGURE 2.11 Corn futures prices on the Chicago Mercantile Exchange, April 18, 2017 Source:...
A) Suppose you buy one contract for March Delivery. If the contract closes in March at...
A) Suppose you buy one contract for March Delivery. If the
contract closes in March at a level of 787.25, what will your
profit be?
B) How many March Maturity Contracts are outstanding
Last Chg Open High Sep 2012 795'015'47800 797'0 Dec 2012 783'4 12'2 772'4 785'6 Mar 2013 783'211'4772'4 784'4 May 2013 779'6 112 769'2 Jul 2013 773'4106763'2 774'0 Sep 2013 669'4-'6670'0 673'0 Dec 2013 634'0 -1'0 | 633'0 | 637'0 Month Volume Low Open Int 369243 763'4 83008...
Use the following corn futures quotes: Contract Month Mar Corn 5,000 bushels Open High Low Settle...
Use the following corn futures quotes: Contract Month Mar Corn 5,000 bushels Open High Low Settle 455.125 457.000 451.750 452.000 467.000 468.000 463.000 463.250 477.000 477.500 472.500 473.000 475.000 475.500 471.750 472.250 May Chg Open Int -2.750 597,913 -2.750 137,547 -2.000 153, 164 -2.000 29,258 July Sep a. How many of the September contracts are currently open? Contracts b. How many of these contracts should you sell if you wish to deliver 75,000 bushels of corn in September? Contracts c....
Suppose you buy one contract for Jul-16 delivery. If the contract closes in Jul-16 at a...
Suppose you buy one contract for Jul-16 delivery. If the
contract closes in Jul-16 at a level of 3.89, what will your profit
be? (Do not round intermediate calculations. Round your
answer to 2 decimal places.)
Table 2.8 Maturity Date Futures Price Corn futures prices on the Chicago Mercantile Exchange, May 10, 2016 July 2016 September 2016 December 2016 March 2017 May 2017 July 2017 $3.81 3.83 3.88 3.96 4.02 4.07 Source: www.cmegroup.com.
Suppose you purchase a July 2011 soybean oil futures contract on March 29, 2011, at the...
Suppose you purchase a July 2011 soybean oil futures contract on
March 29, 2011, at the last price of the day. Use Table 23.1
What will your profit or loss be if soybean oil prices turn out
to be $0.4652 per pound at expiration
Suppose you sell eight May 2011 silver futures contracts on
March 29, 2011, at the last price of the day. Use Table 23.1
What will your profit or loss be if silver prices turn...
FIGURE 14.1 Futures Prices (November 9, 2015) Futures Contracts I WSJ.com/commodities Metal & Petroleum Futures Contract...
FIGURE 14.1 Futures Prices (November 9, 2015) Futures Contracts I WSJ.com/commodities Metal & Petroleum Futures Contract Open Open High hi lo Low Settle Chg interest 2,109 90,935 211 247,319 Copper-High (CMX) -25,000 Ibs.; $ per lb. Nov 2.2380 2.2395 2.2305 2.2300 -0.0115 Dec 2.2350 2.2510 2.2260 2.2300 -0.0120 Gold (CMX)-100 troy oz.; $ per troy oz. Nov 1088.60 1088.60 1088.60 1087.90 0.30 Dec 1089.10 1094.90 1087.40 1088.10 0.40 Feb'16 1089,90 1095.50 1088.60 1089.10 0.40 April 1091.00 1095.60 1089.50 1089.90 0.40...
Suppose you purchase a March 2017 oats futures contract on this day at the last price...
Suppose you purchase a March 2017 oats futures contract on this day at the last price of the day. Use Table 23.1 What will your profit or loss be if oats prices turn out to be $2.4713 per bushel at expiration? (Do not round intermediate calculations. Enter your answer as a positive value and round your answer to 2 decimal places, e.g., 32.16.) Loss TABLE 23.1 Sample Wall Street Journal Futures Price Quotations Chg Open interest -0.0125 -0.0130 6 72...
Suppose you sell six August 2017 gold futures contracts on this day, at the last price...
Suppose you sell six August 2017 gold futures contracts on this day, at the last price of the day. Use Table 23.1 a. What will your profit or loss be if gold prices turn out to be $1,249.70 per ounce at expiration? (Do not round intermediate calculations. Enter your answer as a positive value rounded to the nearest whole number, e.g., 32.) b. What will your profit or loss be if gold prices are $1,235.90 per ounce at expiration? (Do...
Problem 2-25 Look at the futures listings for corn in Figure 2.11, Suppose you buy one contract for March 2017 delivery at the closing price. If the contract closes in March at a price of $3.99 per bushel, what will be your profit or loss? (Each contract calls for delivery of 5,000 bushels.) (Round your answer to 2 decimal places.) Profit Maturity LAST C HG HIGH FIGURE 2.11 Corn futures prices on the Chicago Mercantile Exchange, April 18, 2017 Source:...
A) Suppose you buy one contract for March Delivery. If the
contract closes in March at a level of 787.25, what will your
profit be?
B) How many March Maturity Contracts are outstanding
Last Chg Open High Sep 2012 795'015'47800 797'0 Dec 2012 783'4 12'2 772'4 785'6 Mar 2013 783'211'4772'4 784'4 May 2013 779'6 112 769'2 Jul 2013 773'4106763'2 774'0 Sep 2013 669'4-'6670'0 673'0 Dec 2013 634'0 -1'0 | 633'0 | 637'0 Month Volume Low Open Int 369243 763'4 83008...
Use the following corn futures quotes: Contract Month Mar Corn 5,000 bushels Open High Low Settle 455.125 457.000 451.750 452.000 467.000 468.000 463.000 463.250 477.000 477.500 472.500 473.000 475.000 475.500 471.750 472.250 May Chg Open Int -2.750 597,913 -2.750 137,547 -2.000 153, 164 -2.000 29,258 July Sep a. How many of the September contracts are currently open? Contracts b. How many of these contracts should you sell if you wish to deliver 75,000 bushels of corn in September? Contracts c....
Suppose you buy one contract for Jul-16 delivery. If the
contract closes in Jul-16 at a level of 3.89, what will your profit
be? (Do not round intermediate calculations. Round your
answer to 2 decimal places.)
Table 2.8 Maturity Date Futures Price Corn futures prices on the Chicago Mercantile Exchange, May 10, 2016 July 2016 September 2016 December 2016 March 2017 May 2017 July 2017 $3.81 3.83 3.88 3.96 4.02 4.07 Source: www.cmegroup.com.
Suppose you purchase a July 2011 soybean oil futures contract on
March 29, 2011, at the last price of the day. Use Table 23.1
What will your profit or loss be if soybean oil prices turn out
to be $0.4652 per pound at expiration
Suppose you sell eight May 2011 silver futures contracts on
March 29, 2011, at the last price of the day. Use Table 23.1
What will your profit or loss be if silver prices turn...
FIGURE 14.1 Futures Prices (November 9, 2015) Futures Contracts I WSJ.com/commodities Metal & Petroleum Futures Contract Open Open High hi lo Low Settle Chg interest 2,109 90,935 211 247,319 Copper-High (CMX) -25,000 Ibs.; $ per lb. Nov 2.2380 2.2395 2.2305 2.2300 -0.0115 Dec 2.2350 2.2510 2.2260 2.2300 -0.0120 Gold (CMX)-100 troy oz.; $ per troy oz. Nov 1088.60 1088.60 1088.60 1087.90 0.30 Dec 1089.10 1094.90 1087.40 1088.10 0.40 Feb'16 1089,90 1095.50 1088.60 1089.10 0.40 April 1091.00 1095.60 1089.50 1089.90 0.40...
Suppose you purchase a March 2017 oats futures contract on this day at the last price of the day. Use Table 23.1 What will your profit or loss be if oats prices turn out to be $2.4713 per bushel at expiration? (Do not round intermediate calculations. Enter your answer as a positive value and round your answer to 2 decimal places, e.g., 32.16.) Loss TABLE 23.1 Sample Wall Street Journal Futures Price Quotations Chg Open interest -0.0125 -0.0130 6 72...
Suppose you sell six August 2017 gold futures contracts on this day, at the last price of the day. Use Table 23.1 a. What will your profit or loss be if gold prices turn out to be $1,249.70 per ounce at expiration? (Do not round intermediate calculations. Enter your answer as a positive value rounded to the nearest whole number, e.g., 32.) b. What will your profit or loss be if gold prices are $1,235.90 per ounce at expiration? (Do...
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