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Business, 12.06.2020 18:57 Starzdaze78

one orange juice futures contract is on 15,000 pounds of frozen concentrate. suppose that in sept 2016 a company sells a march 2017 orange juice futures contract for 1200 cents per pound. in dec 2016 the futures price is 110 cents. in feb 2017 the futures price is 125 cents. what is the company's profit or loss on the contract?

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