You purchased one wheat future contract at 304 per bushel
You purchased one wheat future contract at $3.04 per bushel. What would be your profit (loss) at maturity if the wheat spot price at that time were $2.98 per bushel? Assume the contract size is 5,000 bushels and there are no transactions costs.
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you purchased one wheat future contract at 304 per bushel what would be your profit loss at maturity if the wheat spot
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