On February 25,2008 You Could Have Purchased a Futures Contract

question 24

Multiple Choice

On February 25,2008 you could have purchased a futures contract from Intrade that would pay you $1 if Barack Obama wins the 2008 Democratic Party nomination.At a price of $0.81,the contract for Obama carried the highest price of any Democratic candidate.This tells you _______________.

• A) that the market believed that Obama had 81% chance of winning
• B) that the market believed that Obama had the least chance of winning
• C) nothing about the markets' belief concerning the odds of Obama winning
• D) that the market believed Obama's chances of winning were about 19%

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Definitions:

Zygotes

The initial cell formed when a new organism is produced by the union of male and female sexual cells, containing all the genetic information necessary to form a new individual.

Genetically Identical

Organisms or cells that have the exact same genetic material, often referred to as clones.

Fertility Drugs

Medications used to enhance reproductive ability by stimulating ovulation in individuals with fertility issues.

Embryonic Period

A critical phase in early development that occurs after fertilization and lasts until the beginning of the fetal stage, characterized by rapid growth and differentiation of the embryo.