You Purchased a Futures Contract on Corn at a Futures

question 24

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
• E)None of the above

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Definitions:

Storage

Refers to the act of retaining or securing goods and information for future use.

Consumption

Utilization of products and services by household members.

Present Value

The contemporary estimate of a future monetary sum or cash flows, evaluated with a given return rate.

Investment Projects

Initiatives or plans undertaken by individuals or organizations to allocate resources with the expectation of generating future profits.