this is question 8

9. Refer to question 8. If you short sell 2 contracts for December 2019 that closes at a price of $4.95 per bushel, what will be your total profit or loss? * a. $9 b. $(9) c. $(90) d. $90 d e. None of the above 8. Given below Wheat Futures prices in the Chicago Board of Trade where each contract calls for delivery of 1,000 bushels of Wheat. If you long buy 20 contracts for September 2019 that closes at a price of $5.05 per bushel, what will be your total profit or loss? Meath Last LOW Change 26 Op 1906 Mar 2019 Jan 2019 S 3019 Dec 2019 4792 1800 1950 3.786 1100 4740 1920 1854 4000 3056 1504 4740 1886 1990 a. $2,000 b. $(1,500) c. $(200) d. $(2000) e. None of the above