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Ron has entered the high-stakes world of commodities trading. On April 1, he signed a futures ...

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Ron has entered the high-stakes world of commodities trading. On April 1, he signed a futures ...

Ron has entered the high-stakes world of commodities trading. On April 1, he signed a futures contract to buy 200 metric tons of soybeans on October 1 at $526 per metric ton. The current price is $485 per metric ton. What will the price be on October 1 for Ron to join the rarefied 10 percent of commodities traders?
A) $504 per metric ton
B) $496 per metric ton
C) $542 per metric ton
D) $479 per metric ton
E) $526 per metric ton

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