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24. Sam owns a large farming operation which encompasses over 5,000 acres of corn. The crop this year is abundant and will be ready for

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24. Sam owns a large farming operation which encompasses over 5,000 acres of corn. The crop this year is abundant and will be ready for harvesting next month. Sam likes the market prices today but expects the prices to decline over the next month as the supply of corn increases. Which one of the following positions should Lucas take to hedge his corn crop? A. sell in the spot market today B. buy in the spot market today C. buy corn futures D. sell corn futures E. sell in the spot today and take a long position in the futures market

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