Question $20$

$3$ pts

On July $1,$ a producer signs a HTA for November delivery. At this time the elevator sell Dec corn futures at $$5\mathrm{.}45.$ On November $10,$ the producer fulfills the November delivery with the Dec futures is at $$5\mathrm{.}90,$ cash bid at $$5\mathrm{.}83.$

How much money does the elevator pay on Nov. $10?$

$$5\mathrm{.}90$

$$5\mathrm{.}83$

$$5\mathrm{.}38$

$$5\mathrm{.}52$