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  1. Topics
  2. Business
  3. Investments Study Set 3
  4. Quiz 2: Asset Classes and Financial Instruments

You Purchased a Futures Contract on Corn at a Futures

Question 79
Multiple Choice

You purchased a futures contract on corn at a futures price of 331, and at the time of expiration, the price was 343. What was your profit or loss? A) -$12.00 B) $12.00 C) -$600 D) $600

Related questions
Q 80
You sold a futures contract on corn at a futures price of 350, and at the time of expiration, the price was 352. What was your profit or loss? A) $2.00 B) -$2.00 C) $100 D) -$100
Q 81
You sold a futures contract on corn at a futures price of 331, and at the time of expiration, the price was 343. What was your profit or loss? A) -$12.00 B) $12.00 C) -$600 D) $600
Q 82
You purchased a futures contract on oats at a futures price of 233.75, and at the time of expiration, the price was 261.25. What was your profit or loss? A) $1375.00 B) -$1375.00 C) -$27.50 D) $27.50
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