Billy purchased five may feeder cattle contracts on january, Business Economics

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Billy purchased five may feeder cattle contracts on january

Billy purchased five May feeder cattle contracts on January 25th at $157.625 per hundredweight. May feeder cattle contracts are currently trading at $148.55 per hundredweight. A commission was charged of $25 per contract. What is the current profit/loss situation for this position? (please show formulas used)

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Business Economics: Billy purchased five may feeder cattle contracts on january

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