If You Sold a Futures Contract for $3

question 34

Multiple Choice

If you sold a futures contract for $3.75 per bushel and the contract ended at $3.60 after several days of trading of $3.80, $3.70, $3.65, $3.70, $3.65 and $3.60. What would the mark to market sequence be?

• A) -0.05, 0.10, 0.05, -0.05, 0.05, 0.05
• B) 0.05, -0.10, -0.05, 0.05, -0.05, -0.05
• C) -0.05, 0.05, 0.10, 0.05, -0.09, -0.15
• D) 0.05, -0.05, -0.10, -0.05, -0.09, -0.015

---

Definitions:

Selection Sort

A sorting algorithm that repeatedly finds the minimum element from the unsorted portion and places it at the beginning.

Middle Element

The element located in the central position of a data structure that has a definable beginning and end.

List

A collection or sequence of elements that can be accessed, added to, and removed from in a linear order.

Unsorted Portion

The segment of a collection that has not yet been ordered according to a specified sorting algorithm.