Use the Following Wheat Futures Quotes to Answer This Question $=$

question 77

Multiple Choice

Use the following wheat futures quotes to answer this question.
Price $=$ cents and $1 / 8$ ths per bushel $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ Prev
$\begin{array}{lccccccc}\text { Exp } & \text { Last } & \text { Open } & \text { High } & \text { Low } & \text { Close } & \text { Settle } & \text { Settle } \\\text { 08 Mar } & 1093^{\prime} 2 & 1093^{\prime} 2 & 1093^{\prime} 4 & 1093^{\prime} 2 & 1093^{\prime} 2 & 1093^{\prime}2 & 1063^{\prime} 0\\\text { 08 May } & 1109^{\prime} 4 & 1109^{\prime} 6 & 1109^{\prime} 6 & 1109^{\prime} 2 & 1109^{\prime} 4 & 1109^{\prime} 4 & 1080^{\prime}2\end{array}$


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What price would you have paid today per bushel for the Mar 08 wheat futures contract if you bought the contract at the final price of the day?

• A)$10.8010
• B)$10.8025
• C)$10.9320
• D)$10.9325
• E)$11.0960

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