You Purchased Five August 13 Futures Contracts on Soybeans at a Price

question 30

Multiple Choice

You purchased five August 13 futures contracts on soybeans at a price quote of 1056′6. Each contract is for 5,000 bushels with the price quoted in cents and 1/8ths of a cent per bushel. Assume the contract price is 1061′4 when you close out your contract six weeks from now. What will be your total profit or loss on this investment?

• A)$950.25
• B)$1,187.50
• C)$6,480.75
• D)$16,200.50
• E)$24,000.00

---

Definitions:

Immune System

The body's defense mechanism against infections and diseases, comprising organs, tissues, cells, and proteins that work together to protect the body.

Human Immunodeficiency Virus (HIV)

A virus that attacks the human immune system, depleting the body’s ability to fight infection; the infection that causes AIDS.

Infections

The invasion and multiplication of microorganisms such as bacteria, viruses, and fungi that are not normally present within the body, often causing disease or illness.

Incidence

The frequency or rate at which a particular event or condition occurs within a defined population.