A Corn Futures Contract Closed Yesterday at a Price of $2.40

question 54

Multiple Choice

A corn futures contract closed yesterday at a price of $2.40 a bushel. The maximum daily price range is $0.40 and the daily price limit is $0.20. Therefore, the

• A) highest closing price for today is $2.80 a bushel.
• B) the most the price can fluctuate today is $0.20 a bushel.
• C) minimum change in the price today is $0.20 a bushel.
• D) lowest closing price for today is $2.20 a bushel.

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