Today you go long on 5 december contracts of lean hog, Financial Management

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Today you go long on 5 december contracts of lean hog

Today you go long on 5 December contracts of lean hog futures, at a price of 72.9 cents per pound. One contract is for 40K pounds. One month later, December futures are trading at 62.6 cents per pound. If you close out your position at this time, what is your profit from this position?

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Financial Management: Today you go long on 5 december contracts of lean hog

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