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You Sold One Soybean Future Contract at $5

Question 63

Multiple Choice

You sold one soybean future contract at $5.13 per bushel.What would be your profit (loss) at maturity if the wheat spot price at that time were $5.26 per bushel? Assume the contract size is 5,000 ounces and there are no transactions costs.


A) $65 profit
B) $650 profit
C) $650 loss
D) $65 loss
E) none of the above.

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