10. Suppose Dave Chappell bought two March corn contracts on February 6, 2003. It is currently March...

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10. Suppose Dave Chappell bought two March corn contracts on February 6, 2003. It is currently March 1, 2003, the month in which the March contract expires. He can fulfill his contract obligation by (circle all that are correct):

(a) selling two March corn contracts at $2.50/bushel

(b) selling two March corn contracts at $2.38/bushel

(c) buying two March corn contracts at $2.50/bushel

(d) buying two March corn contracts at $2.38/bushel

(e) accepting delivery of corn and paying $2.38/bushel

(f) accepting delivery of corn and paying $2.50/bushel

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