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Suppose that in the 5 days following a farmer's sale of September wheat futures at a futures price of $3.12 the futures prices are Day

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Suppose that in the 5 days following a farmer's sale of September wheat futures at a futures price of $3.12 the futures prices are Day Price 1 2 3 4 5 $3.12 $3.35 $3.38 $3.41 $3.44 a-1. At the end of day 5 the farmer decides to quit wheat farming and buys back his futures contract. The contract size is 13,000 bushels. What payments are made between the farmer and the exchange on each day? What is the total payment over the five days? (Use minus sign to enter negative cash flows, if any. Do not leave any cell blank. Put zero wherever required.) Cash flow per contract Futures price $ 3.12 $ 3.35 Day 1 Day 2 Day 3 Day 4 Day 5 $ 3.38 $ 3.41 $ 3.44 Total a-2. Would the total payment be any different if the contract was not marked to market? Suppose that in the 5 days following a farmer's sale of September wheat futures at a futures price of $3.12 the futures prices are Day Price 1 2 3 4 5 $3.12 $3.35 $3.38 $3.41 $3.44 a-1. At the end of day 5 the farmer decides to quit wheat farming and buys back his futures contract. The contract size is 13,000 bushels. What payments are made between the farmer and the exchange on each day? What is the total payment over the five days? (Use minus sign to enter negative cash flows, if any. Do not leave any cell blank. Put zero wherever required.) Cash flow per contract Futures price $ 3.12 $ 3.35 Day 1 Day 2 Day 3 Day 4 Day 5 $ 3.38 $ 3.41 $ 3.44 Total a-2. Would the total payment be any different if the contract was not marked to market

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