Tuesday, May 10, 2016

What Actually Happens At The End Of 'Trading Places'? : Planet Money : NPR

http://www.npr.org/sections/money/2013/07/19/201430727/what-actually-happens-at-the-end-of-trading-places

We were watching Trading Places and got confused by what was actually happening on the trading floor. Here's NPR's explanation:

"In other words, Winthorpe and Valentine have contracts allowing them to buy millions of pounds of orange juice in April for 29 cents a pound, and to sell it for $1.42 a pound. They sold high and bought low. They're rich. The Dukes made the opposite bet and went broke."

Also, read about the Eddie Murphy rule.

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