What Is the Opening Value of One December Futures Contract

question 79

Multiple Choice

What is the opening value of one December futures contract on wheat?
$\begin{array}{llll}&\text { Contact } & \text { Open } & \text {High} & \text { Low}& \text { Close}\\\text { Dec. Corn. }&\text { 5,000 bu, cents/bu } & 620.50 & 623.50 & 613.00 & 617.00\\\text { Dec. Wheat, }&\text { 5,000 bu, cents/bu } &750,00 &766.00 &745.00 & 752,00\end{array}$

• A)$3.75
• B)$376
• C)$3,750
• D)$37,500
• E)$37,600

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Definitions:

Standard Deviation

A statistical measure of the dispersion of a set of data from its mean, often used to quantify the risk of a financial instrument.

Variance

A measure of how much a set of numbers differ from their average value.

Dispersion

A statistical measure that describes the spread of values around the mean or average, indicating variability within a data set.

Outcomes

The results or consequences that follow from specific actions, events, or decisions.