Help Save & Exit Submit In March, with the spot price of wheat at $5.75 per bushel, Hollywood Bakery longs 100 July wheat futures contracts (5,000 bushels each) on the CBOE at a futures price of $5.90 per bushel. In June, Hollywood Bakery closes out its futures contracts when the futures price is $5.80 per bushel. What is Hollywood Bakery's gain (or loss) on the futures contracts? 15 Multiple Choice A gain of $50,000 A gain of $25,000 A loss of $25,000 A loss of $50.000 None of the options are correct. Next Mc Graw 15 of 15