If Oat Futures Closed Yesterday at $2

question 31

True/False

If oat futures closed yesterday at $2.43 and the limit is 20 cents, the futures price today must stay between $2.23 and $2.63 as long as the contract in question is not for delivery in the current month.

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Definitions:

Proxy Solicitation

The process by which one shareholder asks another for his or her voting right.

Voting Trust Agreement

A legal agreement where stockholders transfer their shares to a trustee in exchange for voting trust certificates, allowing the trustee to vote on corporate matters.

Cumulative Voting Agreement

An arrangement that allows shareholders in a company to pool their votes towards electing directors, enhancing the voting power of minority shareholders.

Good Faith

Honesty in fact and observance of reasonable commercial standards of fair dealings in the trade.