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Assume that two parties have a short and long position to sell and buy 200,000 bushels of corn, respectively, for $10.00 per bushel. The delivery

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Assume that two parties have a short and long position to sell and buy 200,000 bushels of corn, respectively, for $10.00 per bushel. The delivery date is 5 manths from now. An initial margin of 10% is required. Over the next 5 months, the futures price is as follows: What is the net gain or loss to the short position on day 5 (delivery)? $50,000 loss $175,000 loss $225,000 gain $50,000 gain

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