now. 4. Uptown Jewelers purchased a futures contract on 200 ounces of gold to be exchanged 3-months from now. As the contract holder, Uptown Jewelers: A. has the right, but not the obligation, to purchase 200 ounces of gold 3 months from B. has the obligation to purchase 200 ounces of gold at the market price three months from now. C. has an obligation to buy 200 ounces of gold but only if the price of gold increases within the next 3 months. D. is expecting the price of gold to decrease and thus is locking in a selling price. E. will profit if the price of gold is higher three months from now. Prev Use the following wheat futures quotes to answer question 5. Price = cents and 1/gits per bushel Exp Last Open High Low Close Settle Settle 08Mar 1093 2 10932 10934 1093 2 1093 2 10932 10630 08 May 11094 11096 11096 1109 2 11094 11094 1080 2 5. What are the lowest and highest prices per bushel at which the March 08 wheat futures contract sold today? A. S10.9320: S10.9340 B. $10.9325: S10.9350 C. S10.6300; $10.9320 D. $10.6300; S10.9340 E. S10.6300; S10.9350 6. If you are willing to sell a stock and wish to receive the option premium you should