You Purchased One Wheat Future Contract at $3

question 17

Multiple Choice

You purchased one wheat future contract at $3.04 per bushel. What would be your profit (loss) at maturity if the wheat spot price at that time were $2.98 per bushel? Assume the contract size is 5,000 bushels and there are no transactions costs.

• A) $30 profit
• B) $300 profit
• C) $300 loss
• D) $30 loss

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