1.You have taken a short position in a wheat futures contract at the closing price of $4.07/ bushel.Over the next two days, the contract settles at $4.05/bushel and $4.12/bushel.Before you can reverse your position in the futures market, you are notified to accept delivery.What will you receive per bushel on delivery and what is your net receipt per bushel?

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A)$4.07; $4.12

B)$4.12; $4.07

C)$4.12; -$0.05

D)$4.07; -$0.05

2.You have bought a futures contract on orange juice at $2.60/liter.The contract ends at $2.70/liter after several days of trading of $2.52/liter, $2.57/liter, $2.62/liter, $2.68/liter, and $2.70/liter.What will the marking-to-market sequence be?

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A)$0.08; -$0.05; -$0.05; -$0.06; -$0.02

B)-$0.08; $0.05; $0.05; $0.06; $0.02

C)$0.08; $0.03; -$0.02; -$0.06; -$0.10

D)-$0.08; -$0.03; $0.02; $0.06; $0.10