A wheat futures contract is quoted in cents per bushel with a contract unit of 5,000 bushels. If the contract is quoted at a settle price of 685, then the value of one wheat futures contract is
A) $685.
B) $3,425.
C) $34,250.
D) $68,500
Answer: C
Business
You might also like to view...
Samantha Jee put $3,000 into a mutual fund yielding a 12 percent annual rate of return. Using the Rule of 72, calculate approximately how long it will take for the investment to double in value
A) Two years B) Two years and four months C) Six years D) Seven years and four months
Business
Which of the following is not considered a source document?
A) A copy of the company's financial statements. B) A copy of the company's shipping document. C) A copy of the company's sales journal. D) A copy of the company's ledger.
Business