8. When December 1st rolls around, you offset your futures position for corn. The December futures contract price is now $3.2500/bu. Also on December 1st, you sell the corn that you have harvested on the cash market at the same price of $3.2500/bu. 1. What is your per bushel profit or loss in the futures market? (4 pts.) 2. What is your total profit/loss in the futures market? (4 pts.) 3. Accounting for profit/loss in the futures market, what is the effective price per bushel, also called the net price per bushel, you receive for your corn. (8 pts.) Show the math. 4. Based on your hedging experience do you think your father will hire you for next year? (4 pts.) explain, yes or no is not adequate. 5. What was the ultimate goal in putting the hedge program in place? (4 pts.) explain 8. When December 1st rolls around, you offset your futures position for corn. The December futures contract price is now $3.2500/bu. Also on December 1st, you sell the corn that you have harvested on the cash market at the same price of $3.2500/bu. 1. What is your per bushel profit or loss in the futures market? (4 pts.) 2. What is your total profit/loss in the futures market? (4 pts.) 3. Accounting for profit/loss in the futures market, what is the effective price per bushel, also called the net price per bushel, you receive for your corn. (8 pts.) Show the math. 4. Based on your hedging experience do you think your father will hire you for next year? (4 pts.) explain, yes or no is not adequate. 5. What was the ultimate goal in putting the hedge program in place? (4 pts.) explain