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A futures contract seller is obligated to deliver 5 , 0 0 0 bushels of soybeans for $ 1 2 . 0 0 perA futures

A futures contract seller is obligated to deliver 5,000 bushels of soybeans for $12.00 perA futures contract seller is obligated to deliver 5,000 bushels of soybeans for $12.00 per
bushel at expiration. If soybean futures close at $12.10 the next day, the seller:
A. has a loss of $500 thus far on the contract.
B. has a profit of $500 thus far on the contract.
C. has no profit or loss, but is still obligated to deliver 5,000 bushels at $12.00.
D. will receive a check for $500 from the buyer of the contract.
bushel at expiration. If soybean futures close at $12.10 the next day, the seller:
A. has a loss of $500 thus far on the contract.
B. has a profit of $500 thus far on the contract.
C. has no profit or loss, but is still obligated to deliver 5,000 bushels at $12.00.
D. will receive a check for $500 from the buyer of the contract
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