O $37,600 $3,750 $3.75 $37,500

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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What is the opening value of one December futures contract on wheat?
Contract
Dec. Corn. 5,000 bu, cents/bu
Dec. Wheat. 5,000 bu, cents/bu
Multiple Choice
$376
$37,600
$3,750
$3.75
$37,500
Open
620.50
High Low Close
623.50 613.00 617.00
750.00 766.00 745.00 752.00
X
Transcribed Image Text:What is the opening value of one December futures contract on wheat? Contract Dec. Corn. 5,000 bu, cents/bu Dec. Wheat. 5,000 bu, cents/bu Multiple Choice $376 $37,600 $3,750 $3.75 $37,500 Open 620.50 High Low Close 623.50 613.00 617.00 750.00 766.00 745.00 752.00 X
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