You Buy 15 Wheat Futures Contracts When the Futures Price

question 235

Multiple Choice

You buy 15 wheat futures contracts when the futures price is $2.61 per bushel (each contract is for 5,000 bushels) . The price on the maturity date is $2.21. What is your payoff?

• A) -$30,000
• B) -$2,000
• C) $0
• D) $2,000
• E) $30,000

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