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You Sold One Wheat Future Contract at $3

Question 89

Multiple Choice

You sold 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 ounces and there are no transactions costs.


A) $30 profit
B) $300 profit
C) $300 loss
D) $30 loss
E) none of the above.

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