4 points Save An elevator operator typically purchases huge amounts of grain from farmers. Assume the following prices. Date Spot Price /Bu March Futures Price September 1 $2.10 $2.34 October 1 $2.05 $2.20 November 1 $2.38 It costs the elevator $0.05/Bu/month to store the grain. $2.20 An elevator purchases grain from a farmer on September 1 at 3 cents under the spot and immediately sells it for 1 cent over the spot price. What is the total profit, from both the spot and futures markets, per bushel of the elevator operator? a gain of 5 cents 9 MB DELL $2.20 $2.38 November 1 It costs the elevator $0.05/Bu/month to store the grain. An elevator purchases grain from a farmer on September 1 at 3 cents under the spot and immediately sells it for 1 cent over the spot price. What is the total profit from both the spot and futures markets, per bushel of the elevator operator? a gain of 5 cents a loss of 6 cents gain of 4 cents none of these other answers are correct Question 12 of 25 Moving to another question will save this response DOLL