You Sold a Futures Contract on Corn at a Futures

question 51

Multiple Choice

You sold a futures contract on corn at a futures price of 350, and at the time of expiration, the price was 352. What was your profit or loss?

• A) $2.00
• B) −$2.00
• C) $100
• D) −$100

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Definitions:

Diazomethane

A highly reactive organic compound with the formula CH2N2, used in organic synthesis to introduce methyl groups or to form diazo compounds.

Carbene

A highly reactive molecule featuring a carbon atom with two non-bonded electrons and six valence electrons in total.

Carbanion

An ion that contains a negatively charged carbon atom, often a reactive intermediate in organic reactions.

Hybridization

The concept in chemistry where atomic orbitals mix to form new hybrid orbitals for bonding.