A bakery enters into 50 long wheat futures contracts on the CBoT at a futures price of
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A bakery enters into 50 long wheat futures contracts on the CBoT at a futures price of $3.52/bushel. It closes out the contracts at maturity. The spot price at this time is $3.59/bushel. Ignoring interest, what are the bakery’s gains or losses from its futures position?
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Each CBoT Wheat contr...View the full answer
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