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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
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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