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ashleytapiamo
01.02.2021 •
Business
You would like to lock in the selling price on 50,000 bushels of wheat, which you plan to harvest and deliver to the market in September. The September futures price quote is currently 899?4. If you write September futures contracts on your wheat, you will be guaranteed a total price of for your crop. Each contract is quoted in cents and 1/8ths of a cent per bushel with a contract size of 5,000 bushels.
a. $45.637.50.
b. 50 $541650.00.
c. $449750.00.
d. $297700.50.
e. $2.971.000.
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Ответ:
c. $449750.00.
Explanation:
1/8 of 10 lots of bushels of 5,000 per lot = 1.25
Therefore, the price quote of 899'4 cents is written as 899'4+1.25 = $8.995
Total value = Wheat(bushels) * Price Quote
Total value = 50,000 * $8.995
Total value = $449,750
Ответ: