Question: would credit the best answer with solution What would be the gain or loss if you bought 20 orange juice futures each contract is for
What would be the gain or loss if you bought 20 orange juice futures each contract is for 5,000 bushels of oranges at $4.60 a bushel and it settles in 60 days at a spot price of $5.20 per bushel? Select one: O a. A gain of $1200 b. Again of $60,000 c. A loss of $3000 O d. A gain of $3,000 O e. A loss of $60,000
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