1Assume you purchased a May 2021 canola futures contract on January 12, 2021 for $530 per tonne. Assume 20 tones per contract. What was your profit or loss if the canola price ended up being $550 per tonne at expiration?

2 Company A is considering a merger with Company B. Cost savings from the merger are estimated to be a 1-time benefit of $300,000 after-tax. Company B has 6,000,000 shares outstanding at a price of $60 per share. What is the maximum cash price per share that could be paid for Company B?