You sold five corn future contracts at $2.29 per bushel. What would be your profit (loss) at maturity if the corn

spot price at that time were $2.10 per bushel? Assume the contract size is 5,000 bushels and there are no

transactions costs.

A) $-4.750

B) $-950

C) $0.95

D) $950

E) $4.750

Given a stock index with a value of $1,000, an anticipated dividend of $30, and a risk-free rate of 6%, what

should be the value of one futures contract on the index in nine months?

A) $970.00

B) $1,014.67

C) $1,030.00

D) $1.044.67

E) $1,060.00

The spot price for copper is $4.25 per pound. The risk-free rate is 4%, convenience yield is 1%, and storage costs

are 4%. The price of a 6-month futures contract is closest to:

A) $4.25

B) $4.27

C) $4.29

D) $4.40

E) $4.56