Use the Following Soybean Futures Quotes to Answer This Question

question 1

Multiple Choice

Use the following soybean futures quotes to answer this question.
Soybeans: 5,000 bushels, cents and 1/8ths of a cent per bushel
$\begin{array}{ccccc} \operatorname{Exp} & \text { Last } & \text { Net Chg } & \text { Open } & \text { High } & \text { Low }& \text { Settle} \\ \text { 08 Sep } & 1314^{\prime} 0& -3^{\prime} 4 & 1340^{\prime} 2 & 1340^{\prime} 6 & 1313^{\prime} 4 &1314^{\prime}0\\\text { 08 Nov } & 1285^{\prime }2 & +4{ }^{\prime}2 & 1306^{\prime}0 & 1312 ^{\prime}2&1280 ^{\prime}0&1285^{\prime}2 \\\end{array}$


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You purchased four November 08 futures contracts on soybeans when they first became available this morning. Your investment has been worth as little as ________ and as much as ________.

• A)$255,350; $265,500
• B)$255,350; $265,020
• C)$257,440; $265,500
• D)$257,440; $265,020
• E)$257,440; $265,520

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