(Answered) Since he was young mark has been at his familys business

Statistics

Since he was young, Mark has been at his family's business house, which has to do with growing and selling Eastern Australia Canola. As he was just named president of the business, he decides he must look into the futures markets to protect his profits, in case a bad year occurs. In the Australian Stock Exchange, The Eastern Australian Canola futures are quoted at 557.50 (quoted in AUD per ton), and the contract size is 20 metric tons. What is the market value of the contract?

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