If an investor is long may wheat and it is initially, Financial Management

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If an investor is long may wheat and it is initially

If an investor is long May Wheat and it is initially trading at 4.25 and short the September Wheat contract which is trading at 4.75. One month later the May Corn contract is closed at 4.50 and Sept Corn closed at 4.25, the gain or loss per contract on the position spread is a.+0.50 b.-0.50 c.-0.75 d.+0.75

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