You Bought a Futures Contract on Corn for $3

question 53

Multiple Choice

You bought a futures contract on corn for $3.55 per bushel and closed the contract five days later at $3.56.The daily closing prices were $3.57,$3.54,$3.53,$3.58,and $3.56.What was the mark-to-market sequence of payments per bushel from (+) and to (−) the clearing house?

• A)+$.02,−.03,−.01,+.05,−.02
• B)+$.01,−.03,−.01,+.05,−.02
• C)+$.02,+.01,−.02,−.06,+.04
• D)−$.02,+.03,+.01,−.05,+.02
• E)−$.01,+.03,+.01,−.05,+.02

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Definitions:

Strengthen Coping

Enhancing an individual's ability to deal effectively with stress, challenges, or emotional distress.

Anamnesis

The medical history or case history of a patient; in psychology, it refers to the process of remembering or recounting past experiences.

Earliest Memories

Refers to the first few memories that an individual can recall from early childhood, often used in psychological assessments to gain insights into one's personality or developmental issues.

Hypnotizing

The practice of inducing a trance-like state in which a person is more open to suggestion or guidance.