Use the following soybean futures quotes to answer this question.

-Last week,you purchased four November 08 soybean futures contracts when the price quote was 1300΄6.What is your current profit or loss on this investment?
A) -$3,100.00
B) -$2,625.00
C) -$31.00
D) $987.50
E) $3,350.00

Question

Use the following soybean futures quotes to answer this question.
 
-Last week,you purchased four November 08 soybean futures contracts when the price quote was 1300΄6.What is your current profit or loss on this investment?
A) -$3,100.00 
B) -$2,625.00 
C) -$31.00 
D) $987.50 
E) $3,350.00

Quizplus · Accepted Answer

Net loss = 4 × 5,000 × ($12.8525 - $13.0075) = -$3,100

Use the Following Soybean Futures Quotes to Answer This Question