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An investor purchases a futures contract on 8 , 0 0 0 bushels of sorghum at $ 6 . 0 0 per bushel. If the

An investor purchases a futures contract on 8,000 bushels of sorghum at $6.00 per bushel. If the spot price of sorghum at the settlement of the contract is $6.50, how much will the investor make or lose on the 8,000 bushels?
a.
$(4,800)
b.
$4,800
c.
$8,000
d.
$4,000

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