Question: One orange juice future contract is on 1 5 , 0 0 0 pounds of frozen concentrate. Suppose that in September 2 0 0 9
One orange juice future contract is on pounds of frozen concentrate. Suppose that in September a company sells a March orange juice futures contract for cents per pound. In December the futures price is cents. In December the futures price is cents. In February the futures price is cents. The company has a December year end. What is the company's profit or loss on the contract?
Group of answer choices
Gain of $
Loss of $
Gain of $
Loss of $
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