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You Sold a Futures Contract on Corn at a Futures

question 77

Multiple Choice

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?


Definitions:

Tenant-Days

A metric in property management that represents the total number of days that tenants occupy a space over a specific period.

Units

Basic quantities of a product or service measured to determine inventory, production levels, or sales.

Activity Variance

The difference between what was planned or expected in terms of costs or activity levels and what was actually achieved.

Net Operating Income

The profit generated from a company's operational activities, excluding taxes and interest.

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