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What Is the Closing Value of One December Futures Contract

question 5

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What is the closing value of one December futures contract on wheat?
 Contact  Open High Low Close Dec. Corn.  5,000 bu, cents/bu 620.50623.50613.00617.00 Dec. Wheat,  5,000 bu, cents/bu 804,00810.00798,50801,00\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}

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Definitions:

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