You Purchased Four September Corn Futures Contracts at What Turned

question 30

Multiple Choice

You purchased four September corn futures contracts at what turned out to be the lowest price of the day and sold those contracts at today's close.What is your total profit or loss on this investment?

• A)-$287.50
• B)-$1,100
• C)-$2,875
• D)$1,100
• E)$14,250

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