Corn contract calls for delivery

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A corn contract calls for delivery of 5,000 bushels. What happens to the seller of a corn futures contract at $3.8125 cents per bushel if the futures price closes the next day at $3.9000 cents per bushel? Enter the mark to market gain or loss to the nearest $.01. If there is a loss, enter the answer using a - sign. Do no use $ or , signs in your answer.

Reference no: EM131357691

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