Question: Question 26 (1 point) Given the following information, what would you expect to be the minimum price at which a 3 month futures contract for

Question 26 (1 point) Given the following information, what would you expect to be the minimum price at which a 3 month futures contract for 100 bushels of wheat would be trading? The spot price of wheat is $8 per bushel. Storage and insurance costs for wheat are 5.50 per 100 bushels, per month, payable at the end of the storage period You can borrow money at 8% per year. a) $865.50 b) $814.50 Oc) $816.50 d) $817.5

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