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hliz3 hliz3
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2 years ago
Benjamin bought a contract for future delivery of 5000 bushels of oats at $3.64 per bushel and sold a later contract at $3.92 a bushel. A month later, corn prices were rising and Joseph sold his long contract for $4.01 per bushel and covered his short by purchasing a contract for $3.99 per bushel.  Ignoring trading costs, Joseph

▸ broke even.

▸ made a profit of $1,850.

▸ lost $1,500.

▸ made a profit of $1,500.
Textbook 
Fundamentals of Investing

Fundamentals of Investing


Edition: 14th
Authors:
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cskeen80cskeen80
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2 years ago
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hliz3 Author
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2 years ago
This helped my grade so much Perfect
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Thanks
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this is exactly what I needed
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