This topic contains a solution. Click here to go to the answer

Author Question: CME Corn Futures - Quotes MonthLastChangePrior SettleOpenHighLowVolumeJuly658'0 ... (Read 57 times)

bobbysung

  • Hero Member
  • *****
  • Posts: 519
CME Corn Futures - Quotes
MonthLastChangePrior SettleOpenHighLowVolume
July658'0 a+4'6653'2654'0660'6652'045,021
Sept.577'6-1'2579'0579'0583'6572'656,200
Dec545'0-1'4546'4546'4551'0541'475,414
The table above shows information on CME Corn Futures contracts. Prices are shown in cents per bushel, with a minimum tick size of 1/4 cent per bushel. There are 5,000 bushels per contract. You have a short position in one September Corn futures contract. As shown in the Prior Settle column, the futures price at the close of trading yesterday was $5.79. The balance in your margin account was $2,895. If at the end of today the settlement price for corn futures is $5.7475, then what is your daily profit?
◦ $62.50
◦ $212.50
◦ $2,682.50
◦ $3,107.50


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by bobbysung on Apr 25, 2021

fromAlphatoOmega22

  • Sr. Member
  • ****
  • Posts: 345
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 35% of students answer this correctly




bobbysung

  • Member
  • Posts: 519
Reply 2 on: Apr 25, 2021
Thanks for the timely response, appreciate it


TheNamesImani

  • Member
  • Posts: 334
Reply 3 on: Yesterday
Gracias!

 

Did you know?

More than nineteen million Americans carry the factor V gene that causes blood clots, pulmonary embolism, and heart disease.

Did you know?

If you use artificial sweeteners, such as cyclamates, your eyes may be more sensitive to light. Other factors that will make your eyes more sensitive to light include use of antibiotics, oral contraceptives, hypertension medications, diuretics, and antidiabetic medications.

Did you know?

People often find it difficult to accept the idea that bacteria can be beneficial and improve health. Lactic acid bacteria are good, and when eaten, these bacteria improve health and increase longevity. These bacteria included in foods such as yogurt.

Did you know?

The National Institutes of Health have supported research into acupuncture. This has shown that acupuncture significantly reduced pain associated with osteoarthritis of the knee, when used as a complement to conventional therapies.

Did you know?

Adolescents often feel clumsy during puberty because during this time of development, their hands and feet grow faster than their arms and legs do. The body is therefore out of proportion. One out of five adolescents actually experiences growing pains during this period.

For a complete list of videos, visit our video library