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a. Suppose you buy one contract for May 2015 delivery at the closing price. If the contract closes in May at a price of $3.68

a. Suppose you buy one contract for May 2015 delivery at the closing price. If the contract closes in May at a price of $3.68 per bushel, what will be your profit or loss? (Each contract calls for delivery of 5,000 bushels.)

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