What price will be used for this day for the mark-to-market per pound on December cotton?
A) $0.7885
B) $0.8063
C) $78.85
D) $80.59
E) $80.63

Question

What price will be used for this day for the mark-to-market per pound on December cotton? 
A) $0.7885 
B) $0.8063 
C) $78.85 
D) $80.59 
E) $80.63

Quizplus · Accepted Answer

The given code "TB4324_00" refers to the December cotton futures contract. The mark-to-market price for December cotton on this day would be the settlement price for the futures contract. Looking up the settlement price for the December cotton futures contract on this day, we find that it was $0.8063 per pound. Therefore, the best choice is B.

What Price Will Be Used for This Day for the Mark-To-Market