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?

• A) −$12.00
• B) $12.00
• C) −$600
• D) $600

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Definitions:

Undue Influence

An exertion of pressure or influence on someone that overpowers their will and results in an unfair advantage or agreement.

Impartiality

The principle of being fair and unbiased, making decisions and judgements based on objective criteria rather than personal feelings or interests.

Self-interest

The focus on one's own benefits and well-being, often seen as a driving force behind decision-making.

Binomial Random Variable

A type of random variable that represents the number of successes in a fixed number of binary experiments.