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You sold one corn future contract at $6.29 per bushel. What would be your profit (loss) at maturity if the corn spot price at that

You sold one corn future contract at $6.29 per bushel. What would be your profit (loss) at maturity if the corn spot price at that time were $6.10 per bushel? Assume the contract size is 5,000 bushels and there are no transactions costs. Multiple Choice

a. $950 profit

b. $95 profit

c.$950 loss

d. $95 loss

e.None of the options are correct.

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