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On November 22, 2019 the Following Oat Futures Prices Were

Question 48

Multiple Choice

On November 22, 2019 the following oat futures prices were retrieved from an online source. Quotes are in cents per bushel.  Oats (CBT)  5,000 bu; cents per bu.  Last  Chg  Open  High  Low  Dec ’15 237.66.0243.0243.0232.4 March ’16 228.6+0.4227.4228.6225.4\begin{array}{l}\text { Oats (CBT) } - 5,000\\\begin{array} { l l l l l l } \text { bu; cents per bu. } & \text { Last } & \text { Chg } & \text { Open } & \text { High } & \text { Low } \\\text { Dec '15 } & 237.6 & - 6.0 & 243.0 & 243.0 & 232.4 \\\text { March '16 } & 228.6 & + 0.4 & 227.4 & 228.6 & 225.4 \\\hline\end{array}\end{array} Based on this information, which one of the following statements is correct?


A) Oats trade on the New York Mercantile Exchange.
B) The highest price at which the March oats contract traded was $228.60 per contract.
C) The cost of a March 2016 contract was $11,430 at the market close.
D) The price of the March 2016 oats contract at the close was $200 higher than the previous day's closing price.

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