Use the following soybean futures quotes:

-You purchased four November 08 futures contracts on soybeans when they first became available this morning.Your investment has been worth as little as ________ and as much as ________.
A) $255,350; $265,500
B) $255,350; $265,020
C) $257,440; $265,500
D) $257,440; $265,020
E) $257,440; $265,520

Question

Use the following soybean futures quotes:
 
-You purchased four November 08 futures contracts on soybeans when they first became available this morning.Your investment has been worth as little as ________ and as much as ________.
A) $255,350; $265,500 
B) $255,350; $265,020 
C) $257,440; $265,500 
D) $257,440; $265,020 
E) $257,440; $265,520

Quizplus · Accepted Answer

Lowest value to date = 4 × 5,000 × $12.7675 = $255,350
Highest value to date = 4 × 5,000 × $13.275 = $265,500

Use the Following Soybean Futures Quotes