Multiple Choice
You purchased one corn future contract at $5.30 per bushel. What would be your profit (loss) at maturity if the corn spot price at that time were $5.10 per bushel? Assume the contract size is 5,000 bushels and there are no transactions costs.
A) $1000 profit
B) $20 profit
C) $1000 loss
D) $20 loss
E) None of the options are correct.
Correct Answer:
Verified
Correct Answer:
Verified
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