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Suppose that an investor in a 50% tax bracket purchases three soybean futures contracts at a price of $5.40 a bushel and closes them out at a price of $5.80.

What are the after-tax profits to the position? Assume that the investor is being taxed on capital gains for this investment. (Round your answer to the nearest whole number. Omit the "$" sign from your response.)

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92393820

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