You Sold One Corn Future Contract at $2

question 6

Multiple Choice

You sold one corn future contract at $2.29 per bushel.What would be your profit (loss) at maturity if the corn spot price at that time were $2.10 per bushel? Assume the contract size is 5,000 ounces and there are no transactions costs.

• A)$950 profit
• B)$95 profit
• C)$950 loss
• D)$95 loss
• E)none of the above.

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