You Purchased Four September Corn Futures Contracts at What Turned

question 26

Multiple Choice

You purchased four September corn futures contracts at what turned out to be the highest 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) -$950
• C) -$2,875
• D) $9,500
• E) $14,250

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Definitions:

Three Children

Often used in demographics or studies, it refers to family units or scenarios involving three offspring.

Male Births

The incidence or number of births where the newborn is identified biologically as male.

Infant Mortality Rate

The number of deaths of infants under one year old per 1,000 live births in a given year, a key indicator of a country's health.

Bizarre Events

Unusual or weird occurrences that are out of the ordinary and often difficult to explain or understand.