You purchased a futures contract on corn at a futures price of 350 and at the time of expiration the price was 352. What was your profit or loss?

Chọn đáp án A

Giải thích: There are 5,000 bushels per contract and prices are quoted in cents per bushel. Thus, your loss was ($3.50 − 3.52) = $0.02 per bushel, or −$0.02 * 5,000 = −$100.