Problem : A trader enters into a short corn futures contract when the futures price is$1.70per pound.The contract is for the delivery of the 50,000pounds.How much does the trader gain or lose if the corn price at the end of the contract is$1.55per pound?

which on of the options is the right answer

a)Gain of$7500

b)Loss of $7500

c)Loss of $1500

d) Gain of $1500