You Purchased a Futures Contract on Corn at a Futures

question 75

Multiple Choice

You purchased a futures contract on corn at a futures price of 331, and at the time of expiration, the price was 343. What was your profit or loss?

• A) −$12.00
• B) $12.00
• C) −$600
• D) $600

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Definitions:

Intern

is an individual, often a student or recent graduate, working temporarily in a job to gain work experience or meet requirements for a qualification.

Venture Capitalist

An investor who provides capital to startup ventures or supports small companies that wish to expand but do not have access to equities markets.

Franchisor

Firm whose products are sold to customers by the franchisee.

Franchisee

Individual or business firm purchasing a franchise.