You Have Taken a Short Position in a Futures Contract

question 35

Multiple Choice

You have taken a short position in a futures contract on corn at $2.60 per bushel. Over the next 5 days the contract settled at 2.52, 2.57, 2.62, 2.68, 2.70. Before you can reverse your position in the futures market on the fifth day you are notified to accept delivery. What will you receive on delivery and what is the net amount you receive in total?

• A) $2.60; $2.70
• B) $2.70; -$0.10
• C) $2.70; $2.60
• D) $2.60; $0.10
• E) $2.60; -$0.10

---

Definitions:

Psychological Disorders

A range of mental health conditions characterized by abnormal thoughts, feelings, and behaviors that cause distress or impairment in functioning.

Diseases of the Mind

Broad term referring to various mental health conditions and disorders affecting cognitive, emotional, and behavioral functioning.

Humane Treatment

Actions or behavior marked by compassion, respect, and consideration towards others, including animals, emphasizing dignity and welfare.

Brain Abnormalities

Structural or functional anomalies in the brain that can lead to various neurological or psychiatric conditions.