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Use the Following Wheat Futures Quotes to Answer This Question = =

Question 77

Multiple Choice

Use the following wheat futures quotes to answer this question.
Price = = cents and 1/8 1 / 8 ths per bushel \quad \quad \quad \quad \quad \quad \quad \quad \quad \quad \quad \quad \quad \quad Prev
 Exp  Last  Open  High  Low  Close  Settle  Settle  08 Mar 10932109321093410932109321093210630 08 May 11094110961109611092110941109410802\begin{array}{lccccccc}\text { Exp } & \text { Last } & \text { Open } & \text { High } & \text { Low } & \text { Close } & \text { Settle } & \text { Settle } \\\text { 08 Mar } & 1093^{\prime} 2 & 1093^{\prime} 2 & 1093^{\prime} 4 & 1093^{\prime} 2 & 1093^{\prime} 2 & 1093^{\prime}2 & 1063^{\prime} 0\\\text { 08 May } & 1109^{\prime} 4 & 1109^{\prime} 6 & 1109^{\prime} 6 & 1109^{\prime} 2 & 1109^{\prime} 4 & 1109^{\prime} 4 & 1080^{\prime}2\end{array}


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What price would you have paid today per bushel for the Mar 08 wheat futures contract if you bought the contract at the final price of the day?


A) $10.8010
B) $10.8025
C) $10.9320
D) $10.9325
E) $11.0960

Correct Answer:

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