Assume You Write a Futures Contract on Corn at $4

question 38

Multiple Choice

Assume you write a futures contract on corn at $4.05 per bushel.Over the next 5 trading days the contract settled at $4.07,$4.05,$4.04,$4.02,and $4.04.You then decide to reverse your position in the futures market on the fifth day at close.What is the net amount you receive on this contract per bushel?

• A)$4.04
• B)$4.05
• C)$4.07
• D)$4.02
• E)$4.06

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