On January 1st you went long in a 3-month forward contract o…
On January 1st you went long in a 3-month forward contract on 5,000 bushels of wheat at $6.85 per bushel. At maturity on April 1st, the spot price is $8.50 per bushel. What cash settlement from long to short (or short to long) will fairly settle the contract without the involvement of actual wheat?
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