maturity last chg high low Mar' 17 3.9575 -0.0400 4.0025 3.9475 Suppose you buy one contract...
| maturity | last | chg | high | low |
| Mar' 17 | 3.9575 | -0.0400 | 4.0025 | 3.9475 |
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.)
Homework Answers
Profit/Loss = [Closing Price - Last Price] * No. of bushels
= [$3.99 - $3.9575] * 5,000 = $0.0325 * 5,000 = $162.50
Add Answer to:
maturity
last
chg
high
low
Mar' 17
3.9575
-0.0400
4.0025
3.9475
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:...
Look at the futures listings for corn in Figure 2.11. a. Suppose you buy one contract...
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
FIGURE 2.11 Corn...
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
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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...
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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...
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.)
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Suppose you buy one contract for May-17 delivery. If the contract closes in May-17 at a level of 4.20, what will your profit be
Suppose you buy one contract for May-17 delivery. If the contract closes in May-17 at a level of 4.20, what will your profit be
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...
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...
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....
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 a. How many of the May contracts are currently open? b. How many of these contracts should you sell if you wish to deliver 110,000 bushels of corn in May? c. If you actually...
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:...
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
FIGURE 2.11 Corn...
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...
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.
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....
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