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You have a long position in one wheat futures contract. At the close of trading yesterday, the futures price was $5.50 per bushel. Today, the

You have a long position in one wheat futures contract. At the close of trading yesterday, the futures price was $5.50 per bushel. Today, the settlement price for wheat futures is $5.75. What is your daily profit?(Remember that there are 5,000 bushels in a contract.)

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