If the Spot Price for Platinum Is $979

question 51

Multiple Choice

If the spot price for platinum is $979.15 per ounce, what should the futures contract price be for a three-month contract at an annual interest rate of 3%?

• A)$963.93
• B)$973.82
• C)$979.15
• D)$986.41
• E)$1,036.45

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Definitions:

Psychologists

Professionals who study cognitive, emotional, and social processes and behavior by observing, interpreting, and recording how individuals relate to one another and to their environments.

Posttraumatic Stress Disorder

A psychiatric disorder that may occur in people who have experienced or witnessed a traumatic event.

Recur

To occur again or repeatedly, often at regular intervals.

Decades

Periods of ten years.