Assume you write a futures contract on corn at $4.05 per bushel. Over the next 5 trading days the contract settled at $4.07, $4.05, $4.04, $4.02, and $4.04. You then decide to reverse your position in the futures market on the fifth day at close. What is the net amount you receive on this contract per bushel?
A) $4.04
B) $4.05
C) $4.07
D) $4.02
E) $4.06
B) $4.05
Business
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