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The price of the July corn futures is $4.13, and the September corn futures are 10 cents higher. A trader thinks that the spread between

The price of the July corn futures is $4.13, and the September corn futures are 10 cents higher. A trader thinks that the spread between July and September will contract. a. How would the trader use a spread order to bet on your view? b. Did the trader buy or sell the spread? c. How much money would you make if the price of July corn futures increases to $5.00 and the September contract drops to $4.50. Assume the spread trade was for 5000 bushels of corn.

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