Question: You purchased one corn future contract at $ 5.30 per bushel . What would be your profit ( loss ) at maturity if the corn

You purchased one corn future contract at $ 5.30 per bushel . What would be your profit ( loss ) at maturity if the corn spot price at that time were $ 5.10 per bushel ?

Assume the contract size is 5,000 bushels and there are no transactions costs .

1-$ 20 loss

2-None of the options are correct

3- $ 20 profit

4- $ 1000 loss

5- $ 1000 profit

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