(10 marks) 8. In March, with the spot price of wheat at $5.75 per bushel, Hollywoo neat at $5.75 per bushel, Hollywood Bakery takes a long 10 July wheat futures contracts (5,000 bushels each) on the CBOE at a futures price of $5.90 per bushel. In June, Hollywood Bakery closes usnel. In June, Hollywood Bakery closes out its futures contracts when the futures price is $5.80 per bushel. What is Hollywood Bakery's gain (or loss) on the futures contracts: Elet