Billy purchased five may feeder cattle contracts on january, Ask an Expert

Economics

Billy purchased five May feeder cattle contracts on January 25th at $157.625 per hundredweight. May feeder cattle contracts are currently trading at $148.55 per hundredweight. A commission was charged of $25 per contract. What is the current profit/loss situation for this position? (please show formulas used)

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91711059

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