Use This Information to Answer the Questions 3-4

question 34

Multiple Choice

Use this information to answer the questions 3-4.
You purchase a futures contract for September delivery September 15^th of 62,500 pounds on March 15^th. The pound futures exchange rate is $1.65 per pound. The bank has a margin requirement of 2 percent.
-When the futures contract matures in September the spot rate is $1.67 per pound.How much will you have to pay when the futures contract matures?

• A) $103,125
• B) $104,375
• C) $105,187.5
• D) $106,462.5

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Definitions:

Pollution

The presence or introduction into the environment of substances or things that have harmful or poisonous effects.

Nutrition

The intake of food and how those dietary choices impact one's health and bodily functions.

DSM-5

The Diagnostic and Statistical Manual of Mental Disorders, Fifth Edition, is a handbook used by healthcare professionals as the authoritative guide to diagnosing mental disorders.

Major Neurocognitive Disorder

A condition characterized by significant cognitive decline from a previous level of performance, often affecting memory, attention, and decision-making skills.