A futures contract seller is obligated to deliver 5,000 bushels of soybeans for $12.00 per bushel at expiration.If soybean futures close at $12.10 the next day,the seller:
A) has a profit of $500 thus far on the contract.
B) has a loss of $500 thus far on the contract.
C) has no profit or loss, but is still obligated to deliver 5,000 bushels at $12.00.
D) will receive a check for $500 from the buyer of the contract.
Correct Answer:
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