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Business, 25.10.2019 01:43 rachael382

One orange juice futures contract is on 15,000 pounds of frozen concentrate. suppose that in september 2016 a company sells a march 2018 orange juice futures contract for 120 cents per pound. in december 2016, the futures price is 140 cents; in december 2017, it is 110 cents; and in february 2018, it is closed out at 125 cents. the company has a december year end. what is the company’s profit or loss on the contract

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One orange juice futures contract is on 15,000 pounds of frozen concentrate. suppose that in septemb...
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