Table 6.1
$\begin{array}{lccc}
\begin{array}{c}
\text { Expiration } \
\text { Time }
\end{array} & \begin{array}{c}
\text { Wheat } \
\text { Cents/Bushel }
\end{array} & \begin{array}{c}
\text { Corn } \
\text { Cents/Bushel }
\end{array} & \begin{array}{c}
\text { Soybeans } \
\text { Cents/Bushel }
\end{array} \
\hline \text { Today }=\text { spot } & 540 & 610 & 1320 \
6 \text { months } & 560 & 600 & 1350 \
12 \text { months } & 590 & 587 & 1480 \
18 \text { months } & 625 & 580 & 1370 \
24 \text { months } & 655 & 570 & 1265
\end{array}$
-Refer to the table 6.1.What is the approximate annualized lease rate on the 12-month corn forward contract?
A) 0.00%
B) 2.25%
C) 3.92%
D) 7.84%

Question

Table 6.1
 $\begin{array}{lccc}
\begin{array}{c}
\text { Expiration } \
\text { Time }
\end{array} & \begin{array}{c}
\text { Wheat } \
\text { Cents/Bushel }
\end{array} & \begin{array}{c}
\text { Corn } \
\text { Cents/Bushel }
\end{array} & \begin{array}{c}
\text { Soybeans } \
\text { Cents/Bushel }
\end{array} \
\hline \text { Today }=\text { spot } & 540 & 610 & 1320 \
6 \text { months } & 560 & 600 & 1350 \
12 \text { months } & 590 & 587 & 1480 \
18 \text { months } & 625 & 580 & 1370 \
24 \text { months } & 655 & 570 & 1265
\end{array}$
-Refer to the table 6.1.What is the approximate annualized lease rate on the 12-month corn forward contract?
A) 0.00%
B) 2.25%
C) 3.92%
D) 7.84%

Quizplus · Accepted Answer

The Answer of Table 6.1
 $\begin{array}{lccc}
\begin{array}{c}
\text { Expiration } \
\text { Time }
\end{array} & \begin{array}{c}
\text { Wheat } \
\text { Cents/Bushel }
\end{array} & \begin{array}{c}
\text { Corn } \
\text { Cents/Bushel }
\end{array} & \begin{array}{c}
\text { Soybeans } \
\text { Cents/Bushel }
\end{array} \
\hline \text { Today }=\text { spot } & 540 & 610 & 1320 \
6 \text { months } & 560 & 600 & 1350 \
12 \text { months } & 590 & 587 & 1480 \
18 \text { months } & 625 & 580 & 1370 \
24 \text { months } & 655 & 570 & 1265
\end{array}$
-Refer to the table 6.1.What is the approximate annualized lease rate on the 12-month corn forward contract?
A) 0.00%
B) 2.25%
C) 3.92%
D) 7.84%

Table 61 -Refer to the Table 6