Find the profit if the investor buys a July futures at 75, sells an October futures at 78 and then reverses the July futures at 72 and the October futures at 77.
a. -3
b. -2
c. 2
d. 1
e. none of the above
Answer: B
Find the profit if the investor buys a July futures at 75, sells an October futures at 78 and then reverses the July futures at 72 and the October futures at 77.
a. -3
b. -2
c. 2
d. 1
e. none of the above
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