You sold a futures contract on corn at a futures price of 331 and at the time of expiration the price was 343. 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 profit was (3.31 − 3.43) = −$0.12 per bushel, or −$0.12 * 5,000 = −$600.