Suppose you purchase a March 2018 milk futures contract on March 27, 2018, at the last price of the day. Use Table 25.2.

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Suppose You Purchase A March 2018 Milk Futures Contract On March 27 2018 At The Last Price Of The Day Use Table 25 2 1 (23.75 KiB) Viewed 79 times

Suppose you purchase a March 2018 milk futures contract on March 27, 2018, at the last price of the day. Use Table 25.2. What will your profit or loss be if milk prices turn out to be $.1531 per pound at expiration? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16)