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[5 Points] Kellogg will buy 100,000 bushels of corn next month. The futures contracts on corn are based on 5,000 bushels and are currently quoted

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[5 Points] Kellogg will buy 100,000 bushels of corn next month. The futures contracts on corn are based on 5,000 bushels and are currently quoted at 480.25 cents per bushel for delivery next month. If Kellogg wants to hedge against the adverse price movement, what should Kellogg do? What will be the cost per futures contract

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