You purchased four September corn futures contracts at what turned out to be the highest price of the day and sold those contracts at today's close. What is your total profit or loss on this investment?
A) -$287.50
B) -$950
C) -$2,875
D) $9,500
E) $14,250

Question

You purchased four September corn futures contracts at what turned out to be the highest price of the day and sold those contracts at today's close. What is your total profit or loss on this investment? 
A) -$287.50 
B) -$950 
C) -$2,875 
D) $9,500 
E) $14,250

Quizplus · Accepted Answer

The Answer of You purchased four September corn futures contracts at what turned out to be the highest price of the day and sold those contracts at today's close. What is your total profit or loss on this investment? 
A) -$287.50 
B) -$950 
C) -$2,875 
D) $9,500 
E) $14,250

You Purchased Four September Corn Futures Contracts at What Turned