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You Sold One August Futures Contract on Corn

Question 70

Multiple Choice

You sold one August futures contract on corn. You will


A) Have to pay the corn when it is delivered in August
B) Most likely take delivery of the corn in August
C) Most likely buy an August futures contract to offset this contract
D) Receive payment for the corn now and will deliver the corn in August
E) Pay for the corn now and accept delivery in August

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