Assume you write a futures contract on corn at $4.05 per bushel.Over the next 5 trading days the contract settled at $4.07,$4.05,$4.04,$4.02,and $4.04.You then decide to reverse your position in the futures market on the fifth day at close.What is the net amount you receive on this contract per bushel?
A) $4.04
B) $4.05
C) $4.07
D) $4.02
E) $4.06
Correct Answer:
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