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In March with the spot price of wheat at $575 per bushel Hollywood Bakery longs...

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In March with the spot price of wheat at $575 per bushel Hollywood Bakery longs 100 July wheat futures contracts (5,000 bushels each) on the CBOE at a futures price of $5.90 per bushel. In June, Hollywood Bakery closes out its futures contracts when the futures price is $5.80 per bushel What is Hollywood Bakery's gain (or loss) on the futures contracts? Multiple Choice O Aloss of $25,000 None of the options are correct O A loss of $50,000 Again of $50,000

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