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Farmer Inc takes a short position in one cor futures contract The Futures price (per bushel) is $4 3 when it enters into the contract

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Farmer Inc takes a short position in one cor futures contract The Futures price (per bushel) is $4 3 when it enters into the contract and the price of com is $365 per bushel when it closes out its position One contracts for the delivery of 5,000 bushets What is the company's total profit

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