You Sold a Futures Contract on Oats at a Futures

question 48

Multiple Choice

You sold a futures contract on oats at a futures price of 233.75, and at the time of expiration, the price was 261.25. What was your profit or loss?

• A) $1375.00
• B) −$1375.00
• C) −$27.50
• D) $27.50