What Is the Closing Value of One December Futures Contract

question 12

Multiple Choice

What is the closing value of one December futures contract on corn?
$\begin{array}{llll}&\text { Contact } & \text { Open } & \text {High} & \text { Low}& \text { Close}\\\text { Dec. Corn. }&\text { 5,000 bu, cents/bu } & 620.50 & 623.50 & 613.00 & 617.00\\\text { Dec. Wheat, }&\text { 5,000 bu, cents/bu } &804,00 &810.00 &798,50 & 801,00\end{array}$

• A)$6.17
• B)$617.00
• C)$30,850
• D)$308,500
• E)$3,085,000

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