If the Futures Price at 3:00 P

question 57

Multiple Choice

If the futures price at 3:00 p.m.is 122,the spot price is 142.5 and the CF is 1.1575,by how much must the spot price fall by 5:00 p.m.to justify delivery?

• A)1.285
• B)1.1102
• C)20.50
• D)17.71
• E)42.94

---

Definitions:

Malpractice

Negligence or failure by a professional to perform their duties to the accepted standard of practice in their field, which results in harm or loss.

Attorney

A professional and legal practitioner who represents and advises clients in legal matters and court proceedings.

Medical Records

Documents that contain the history, diagnosis, treatment, and prognosis of a patient's medical care and condition.

Physician

A medical professional who is qualified to diagnose and treat illnesses, injuries, and other health conditions, often holding a degree in medicine.