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13. You enter a short position in a corn futures contract with the futures price 70 cents per pound. The contract is for the

13. You enter a short position in a corn futures contract with the futures price 70 cents per pound. The contract is for the delivery of 40,000 pounds. How much do you gain or lose if the corn price at the end of the contract is a. 68 cents per pound? b. 73 cents per pound?

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