Andrea bought futures contracts on 560,000 pounds of domestic sugar at a price of 21.48 cents...
Andrea bought futures contracts on 560,000 pounds of domestic sugar at a price of 21.48 cents per pound. Futures contracts on sugar are for 112,000 pounds. What is the amount of Andrea's profit or loss if the price at contract expiration is 21.32?
Homework Answers
The answers to the given question are provided in the order below
=560000*(21.32-21.48)/100
=-896.0000
Loss of 896
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