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9. Refer to the ABC Cereals wheat futures contract example above. Using the same prices you selected in that problem, answer the following assuming basis

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9. Refer to the ABC Cereals wheat futures contract example above. Using the same prices you selected in that problem, answer the following assuming basis = s 1) What was the basis per bushel when the futures were entered? basis= 4-5= - $ 1.00 2) What was the basis per bushel when the futures contract expired? basis 4-3= $ 1.00 3) How would you check your work

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