ZuoTi.Pro
Question

In June, you enter a long September corn futures contract. It is now August, and you...

In June, you enter a long September corn futures contract. It is now August, and you want to offset your contract. To do this, you would

Aenter a long December futures contract on corn.

Benter a short June futures contract on corn.

Center a long August futures contract on corn.

D.enter a short September futures contract on corn.

E,enter a long June futures contract on corn.

F.enter a short December futures contract on corn.

Genter a short August futures contract on corn.

business   finance   
0 0
Add a comment Improve this question Transcribed image text
Next > < Previous
Sort answers by oldest

Homework Answers

Answer #1

on Contsat of long (buy) oh Ih June seembes tuses ontact he off set ThAust. want ie Laxe to Cont act Je ue have fo ohtoart te

0 0
Add a comment
Know the answer?
Add Answer to:
In June, you enter a long September corn futures contract. It is now August, and you...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions

  • How can a seller offset a short position in a December futures contract on corn?

    How can a seller offset a short position in a December futures contract on corn?

  • The futures price of corn is $3.10 a bushel. Futures contracts for corn are based on...

    The futures price of corn is $3.10 a bushel. Futures contracts for corn are based on 9,000 bushels, and the margin requirement is $2,000 a contract. You expect the price of corn to fall and sell the contract short. What is the value of the contract and how much must you initially remit? Round your answers to the nearest dollar. Value of the contract: $ _______ Remit amount: $ _________ If the futures price of corn rises to $3.19, what...

  • You have no open silver futures position. The December Comex silver futures contract is now at $4.40/oz. You believe it...

    You have no open silver futures position. The December Comex silver futures contract is now at $4.40/oz. You believe it will be in a downward trend if it hits $4.20/oz. What order would you place with your broker now? a. Buy stop $4.20 b. Short stop $4.30 c. Short limit $4.40 d. Short stop $4.20 e. Short limit $4.20

  • Use the following corn futures quotes:     Corn 5,000 bushels   Contract Month Open High Low Settle Chg...

    Use the following corn futures quotes:     Corn 5,000 bushels   Contract Month Open High Low Settle Chg Open Int   Mar 455.125 457.000 451.750 452.000 −2.750 597,913     May 467.000 468.000 463.000 463.250 −2.750 137,547     July 477.000 477.500 472.500 473.000 −2.000 153,164     Sep 475.000 475.500 471.750 472.250 −2.000 29,258       Suppose you buy 22 of the September corn futures contracts at the last price of the day. One month from now, the futures price of this contract is 463.25, and you close out...

  • Use the following corn futures quotes: Contract Month Mar May July Sep Corn 5,000 bushels Open...

    Use the following corn futures quotes: Contract Month Mar May July Sep 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 Chg Open Int -2.750 597,913 -2.750 137,547 -2.000 153, 164 -2.000 29,258 Suppose you buy 19 of the September corn futures contracts at the last price of the day. One month from now, the futures price of this contract is 462.625, and you close out...

  • Use the following corn futures quotes:              Corn 5,000 bushels   Contract Month Open High Low Settle...

    Use the following corn futures quotes:              Corn 5,000 bushels   Contract Month Open High Low Settle Chg Open Int   Mar 455.125 457.000 451.750 452.000 −2.750 597,913     May 467.000 468.000 463.000 463.250 −2.750 137,547     July 477.000 477.500 472.500 473.000 −2.000 153,164     Sep 475.000 475.500 471.750 472.250 −2.000 29,258       Suppose you buy 35 of the September corn futures contracts at the last price of the day. One month from now, the futures price of this contract is 465.375, and you close...

  • Use the following corn futures quotes: Corn 5,000 bushels contract open Low Settle Chg Open Int...

    Use the following corn futures quotes: Corn 5,000 bushels contract open Low Settle Chg Open Int Month Mar May July sep 455.125 457.000 451.750 452.000 -2.750 597,913 467.000 468.000 463.000 463.250 -2.750 137,547 477.000 477.500 472.500 473.000 -2.000 153,164 475.000 475.500 471.750 472.250 -2.000 29,258 Suppose you buy 24 of the September corn futures contracts at the last price of the day. One month from now, the futures price of this contract is 463.5, and you close out your position....

  • Today is June. Suppose you buy a futures contract for 42,000 gallons of RBOB gasoline delivered...

    Today is June. Suppose you buy a futures contract for 42,000 gallons of RBOB gasoline delivered in December. The contract settles at $1.50 per gallon today. You decide to exit in August, when the contract settles at $1.45 per gallon. Calculate your payoff from holding the position between June and August -2,100 60,900 2,100 -63,000

  • Table 2.8 Futures Price Corn futures prices on the Chicago Mercantile Exchange, May 10, 2016 Maturity...

    Table 2.8 Futures Price Corn futures prices on the Chicago Mercantile Exchange, May 10, 2016 Maturity Date 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. Look at the futures listings for the corn contract in Table 2.8. Suppose you buy one contract for May 17 delivery. If the contract closes in May-17 at a level of 422, what will your profit be? (Do not round intermediate calculations. Round...

  • 1) Use the following corn futures quotes:     Corn 5,000 bushels   Contract Month Open High Low Settle Chg Open Int...

    1) Use the following corn futures quotes:     Corn 5,000 bushels   Contract Month Open High Low Settle Chg Open Int   Mar 455.125 457.000 451.750 452.000 −2.750 597,913     May 467.000 468.000 463.000 463.250 −2.750 137,547     July 477.000 477.500 472.500 473.000 −2.000 153,164     Sep 475.000 475.500 471.750 472.250 −2.000 29,258      Suppose you buy 20 of the September corn futures contracts at the last price of the day. One month from now, the futures price of this contract is 462.75, and you close out...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT