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Suppose you enter into a forward contract to sell 15,000 pounds of orange juice on January 2022 at a forward price of 133.9 cents per
Suppose you enter into a forward contract to sell 15,000 pounds of orange juice on January 2022 at a forward price of 133.9 cents per pound. If the spot price of orange juice on maturity date turns out to be 131.3 cents per pound, what would be your payoff per pound at maturity as the short position in this contract? Do not round the answer. [Hint: The answer may be negative or positive depending on the comparison of the forward and spot prices]
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