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You purchased one corn future contract at $ 5.30 per bushel . What would be your profit ( loss ) at maturity if the corn
You purchased one corn future contract at $ 5.30 per bushel . What would be your profit ( loss ) at maturity if the corn spot price at that time were $ 5.10 per bushel ?
Assume the contract size is 5,000 bushels and there are no transactions costs .
1-$ 20 loss
2-None of the options are correct
3- $ 20 profit
4- $ 1000 loss
5- $ 1000 profit
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