?. Find Select contract is for 1,000 barrels. What are your gain or losses? 2) A bakery enters into 50 long wheat futures contracts on the CBoT at a futures price of S3.52/bushel. It closes out the contracts at maturity. The spot price at this time is $4.33/ bushel. Each contract is for 5,000 bushels. Ignoring interest, what are the bakery's gains or losses from its futures position? The forward price of corn for delivery in three months is S5.92 per bushel, while the spot price is $5.90. The three-month interest rate is 6% per annum. Is there an arbitrage opportunity in this market if corn may be stored costlessly? If so, show the cash flows involved in the arbitrage and show how you would take advantage of this opportunity 3) 4) A short forward contract that was nesotiated some time aoo will exnire in three months and has a O Type tiere to search