Solved

You Sell One Futures Contract for 112,000 Pounds of Sugar

Question 77

Multiple Choice

You sell one futures contract for 112,000 pounds of sugar with a settlement price of 20.87 cents per pound. If the price is 19.63 cents per pound at the contract expiration, what is your payoff?


A) -$138,880
B) -$122,420
C) $115,378
D) $122,420
E) $138,880

Correct Answer:

verifed

Verified

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

Related Questions

Q72: You own a small gold mine in

Q73: You expect to deliver 80,000 bushels of

Q74: What is the closing value on this

Q75: Suppose you are</p></div><svg width=

Q76: You speculate in the market by selling

Q78: Given the following information, what is the

Q79: Ted purchased two</p></div><svg width=

Q80: What is the</p></div><svg width=

Q81: You speculate in the market by selling

Q82: You sell 10 gold futures contracts when

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents