Solved

You Bought a Futures Contract for $2

Question 58

Multiple Choice

You bought a futures contract for $2.60 per bushel and the contract ended at $2.70 after several days of trading with the following close prices each day: $2.52,$2.57,$2.62,$2.68,and $2.70. What would the mark to market sequence be?


A) -.08, .05, .05, .06, .02
B) .08, -.05, -.05, -.06, -.02
C) .08, .03, -.02, -.06, -.10
D) -.08, -.03, .02, .06, .10
E) .10, .06, .02, -.03, -.08

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions