You Bought a Futures Contract for $2

question 58

Multiple Choice

You bought a futures contract for $2.60 per bushel and the contract ended at $2.70 after several days of trading with the following close prices each day: $2.52,$2.57,$2.62,$2.68,and $2.70. What would the mark to market sequence be?

• A) -.08, .05, .05, .06, .02
• B) .08, -.05, -.05, -.06, -.02
• C) .08, .03, -.02, -.06, -.10
• D) -.08, -.03, .02, .06, .10
• E) .10, .06, .02, -.03, -.08

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Definitions:

Native Americans

The indigenous peoples of the United States, including the various tribes and nations prior to European colonization and their descendants.

Enslaved People

Individuals forcibly taken into bondage and deprived of personal freedom for the purpose of labor or servitude.

Total Population

Total population refers to the entire number of people inhabiting a particular country, region, or area, measured at a certain time.

Loyalists

Colonists who remained loyal to Great Britain during the War of Independence.