Today,you purchased two natural gas futures contracts at the settle price for a May delivery.The contract size is 10,000 MMBtu with quotes in dollars per MMBtu.The day's high was 2.954,the low was 2.939,and the settle was 2.948.What was the total amount you had to pay today?
A)$14,740
B)$14,695
C)$14,770
D)$14,755
E)$0

Question

Quizplus · Accepted Answer

The initial payment for futures contracts is typically the margin, not the full contract value. The question doesn't specify margin requirements, so no payment calculation can be made based on the given information.

Today,you Purchased Two Natural Gas Futures Contracts at the Settle