Suppose You Purchase a September Cocoa Futures Contract at the Last

question 49

Multiple Choice

Suppose you purchase a September cocoa futures contract at the last price of the day as shown in the table below.What will be your profit or loss on this contract if the price turns out to be $1,707 per metric ton at expiration?
Futures:
Cocoa - 10 metric tons,$ per ton

• A)$30
• B)$110
• C)$150
• D)$1,100
• E)$1,500

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Definitions:

ADH

Antidiuretic hormone, a peptide hormone produced by the pituitary gland that regulates water absorption in the kidneys.

Insulin

Protein hormone secreted from the pancreas that increases the uptake of glucose and amino acids by most tissues.

Medullary Interstitial Fluid

The fluid located in the interstitial space of the kidney medulla, playing a crucial role in the concentration of urine.

Vasa Recta

The vasa recta are a series of straight capillaries in the kidney that play a crucial role in the process of urine concentration.