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Unformatted text preview: During the trading week of January 11-15, the following sequence of prices was observed at 12 noon in the two markets: Chicago Kansas City January 11 $1056 $997 January 12 $1071 $1006 January 13 $1069 $998 January 14 $1062 $1004 January 15 $1047 $985 If you had been following the market closely and were looking for opportunities to gain without bearing risk, what, if any, action would you have taken? What effect would your actions have had on the prices in the two markets?...
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- Fall '07