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Today - January 27, 2020, a farmer sells 10 wheat futures contracts to a flour mill at S10 per bushel. Each futures contract size is

Today - January 27, 2020, a farmer sells 10 wheat futures contracts to a flour mill at S10 per bushel. Each futures contract size is 5,000 bushels of wheat. On the settlement date which is May 10, 2020, assume that the spot price per bushel will be $9.0. Show the settlement between the farmer and the flour mill through: a. Actual delivery, and b.Cash settlement

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