If the Spot Price for Palladium Is $2,526

question 5

Multiple Choice

If the spot price for palladium is $2,526.40 per ounce, what should the futures contract price be for a three-month contract at an annual interest rate of 3.25%?

• A)$2,546.68
• B)$2,559.73
• C)$2,563.23
• D)$2,567.83
• E)$2,571.45

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Expenses that fluctuate in direct proportion to the amount of production, including raw materials and direct labor costs.

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