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A corn futures contract calls for one-year delivery of 5,000 bu. of corn a price of $3.70 per bushel. Assume that a farmer takes a

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A corn futures contract calls for one-year delivery of 5,000 bu. of corn a price of $3.70 per bushel. Assume that a farmer takes a short position in three contracts. Calculate the Daily Settlement for each of the following sequence of prices (ignore margin account balance): F1 $3.76 F2 $3.74 F3 $3.72 Edit View Insert Format Tools Table 12pt v Paragraph B I U v U A av Tv >

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