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You buy 15 wheat futures contracts when the futures price is $2.61 per bushel (each contract is for 5,000 bushels). The price on the maturity
You buy 15 wheat futures contracts when the futures price is $2.61 per bushel (each contract is for 5,000 bushels). The price on the maturity date is $2.21. What is your payoff?
a) $2,000
b) -$2,000
c) $0
d) -$30,000
e) $30,000
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