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A farmer sells futures contracts at a price of $6.72 per bushel on 10,000 bushels of corn. The spot price of corn is $6.55 at

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A farmer sells futures contracts at a price of $6.72 per bushel on 10,000 bushels of corn. The spot price of corn is $6.55 at contract expiration. What is the farmer's profit on the futures contracts? Your

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