Consider a futures contract for the purchase of 100 bushels of corn at $3.00 per bushel. If the market price of wheat increases to $2.75 per bushel: Select one: O a. the buyer (short position) needs to transfer $25 to the seller (long position). O b. the seller (long position) needs to transfer $25 to the buyer (short position). c. the seller (short position) needs to transfer $25 to the buyer (long position). O d. the buyer (long position) needs to transfer $25 to the seller (short position).

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