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Last Week, You Purchased Three November 08 Soybean Futures Contracts

Question 33

Multiple Choice

Last week, you purchased three November 08 soybean futures contracts when the price quote was 1302΄6. What is your current profit or loss on this investment?


A) -$3,150.00
B) -$2,625.00
C) -$30.00
D) $987.50
E) $3,750.00

Correct Answer:

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