You Hold One Long Corn Futures Contract That Expires in April

question 4

Multiple Choice

You hold one long corn futures contract that expires in April. To close your position in corn futures before the delivery date you must

• A) buy one May corn futures contract.
• B) buy two April corn futures contract.
• C) sell one April corn futures contract.
• D) sell one May corn futures contract.

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Definitions:

Étienne-Jules Marey

A French scientist and chronophotographer, whose work is significant in the development of motion pictures.

Eadweard Muybridge

An English photographer important for his pioneering work in photographic studies of motion and early work in motion-picture projection.

Public Exhibition

The act of showing artworks, films, or other forms of creative output to the general public in galleries, theaters, or other accessible spaces.

Leland Stanford

An American industrialist, politician, and founder of Stanford University, known for his significant contribution to the development of the California railroad system.