What is the closing value on this day for one March futures contract on ethanol?
Ethanol - 29,000 U.S. gallons:
u.S. dollars and cents per gallon
A)$49,300
B)$49,387
C)$49,416
D)$1.703 million
E)$1.704 million

Name: What is the closing value on this day for one March futures contract on ethanol? Ethanol - 29,000 U.S. gallons: u.S. dollars and cents per gallon A)$49,300 B)$49,387 C)$49,416 D)$1.703 million E)$1.704 million
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Question

What is the closing value on this day for one March futures contract on ethanol?
Ethanol - 29,000 U.S. gallons:
u.S. dollars and cents per gallon 
A)$49,300 
B)$49,387 
C)$49,416 
D)$1.703 million 
E)$1.704 million

Quizplus · Accepted Answer

Contract value = 29,000 F1F1F1S1F1F1F10 $1.703 = $49,387

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