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25. Real Options. Price support systems for various agricultural products have allowed farmers to sell their crops to the government for a specified support price

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25. Real Options. Price support systems for various agricultural products have allowed farmers to sell their crops to the government for a specified "support price" of, say, $5 a bushel. (LO23-3) a. Has the government given the farmers a call or a put option? b. What is the exercise price of this option

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