Use the following soybean futures quotes to answer this question:

-Julie was lucky enough to purchase two September 08 futures contracts on soybeans when the contracts were at the lowest price of the day.What is Julie's total profit or loss as of the end of the day?
A) $25.00
B) $50.00
C) $60.00
D) $250.00
E) $260.00

Question

Use the following soybean futures quotes to answer this question:
 
-Julie was lucky enough to purchase two September 08 futures contracts on soybeans when the contracts were at the lowest price of the day.What is Julie's total profit or loss as of the end of the day?
A) $25.00 
B) $50.00 
C) $60.00 
D) $250.00 
E) $260.00

Quizplus · Accepted Answer

Net profit = 2 × 5,000 × ($13.14 - $13.135) = $50

Use the Following Soybean Futures Quotes to Answer This Question