Table 61 -Refer to the Table 6

question 4

Multiple Choice

Table 6.1
$\begin{array}{lccc}\begin{array}{c}\text { Expiration } \\\text { Time }\end{array} & \begin{array}{c}\text { Wheat } \\\text { Cents/Bushel }\end{array} & \begin{array}{c}\text { Corn } \\\text { Cents/Bushel }\end{array} & \begin{array}{c}\text { Soybeans } \\\text { Cents/Bushel }\end{array} \\\hline \text { Today }=\text { spot } & 540 & 610 & 1320 \\6 \text { months } & 560 & 600 & 1350 \\12 \text { months } & 590 & 587 & 1480 \\18 \text { months } & 625 & 580 & 1370 \\24 \text { months } & 655 & 570 & 1265\end{array}$
-Refer to the table 6.1.What is the approximate annualized lease rate on the 12-month corn forward contract?

• A) 0.00%
• B) 2.25%
• C) 3.92%
• D) 7.84%

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Definitions:

Witnesses

Individuals who have seen an event, especially a crime or a test, and can provide a first-hand account or testimony.

Revocable Living Trust

A trust document created by an individual that can be amended or revoked during their lifetime, used often for estate planning purposes.

Estate Tax

Estate tax is a tax levied on the net value of the estate of a deceased person before it is distributed to the heirs.

Management Advantages

The benefits or competitive edge that a company obtains through effective and efficient management of its resources and operations.