Problemtoday you enter into a short futures position of 10, Ask an Expert

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Problem:

Today you enter into a short futures position of 10 contracts on wheat at $6.5 per bushel, maturing in 6 months. One contract is for 5,000 bushels of wheat, and you plan on keeping it until expiration.

Required:

Question: If wheat is trading at $6.86 at maturity, what is your net profit from this position?

Note: Please show the work not just the answer.

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Category:- Basic Finance
Reference No.:- M91162341

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