Use the following corn futures quotes (priced in cents): Suppose you sell 25 of the...
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Accounting
Use the following corn futures quotes (priced in cents): Suppose you sell 25 of the May corn futures at the high price of the day. You close your position later when the price is 463.375. Ignoring commission, what is your dollar profit on this transaction? (Do not round intermediate calculations. Round your answer to 2 decimal places.)
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