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You sold one corn future contract at $2.29 per bushel. What would be your profit (loss) at maturity if the corn spot price at that

You sold one corn future contract at $2.29 per bushel. What would be your profit (loss) at maturity if the corn spot price at that time were $2.48 per bushel? Assume the contract size is 5,000 ounces and there are no transactions costs. A. $950 profit B. $95 profit C. $950 loss D. $95 loss E. None of these is correct.

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