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10. You are in the procurement department at Old Dutch (a wonderful Minnesotan potato chip manufacturer) and you wish to lock in your procurement for

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10. You are in the procurement department at Old Dutch (a wonderful Minnesotan potato chip manufacturer) and you wish to lock in your procurement for May, June, and July. You will need 50,000 pounds of potatoes per month: How could you do this with forwards? What risks are present once you enter into a forward? Can you hedge those risks? a. b. c

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