2a, 2b

Question 2 has 20 points *Assume you will go short on this contract in Time 1 2.A. What does it mean? Be precise. 2.B. If you close this contract in Time 2, would you gain or lose and by how much in dollars? Show your calculations. Question 2: See Table 2 Below for Data Table 2: Wheat Futures Prices Westime Contract date and unit of Futures Price trading Beginning Time: Timel December Futures $8 per bushel December 4 5000 bushels Ending Time: Time 2 December Futures 8.30 per bushel December 14 5000 bushels