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(a) Assume you have entered a futures contract to buy one ton of wheat at $2.75 a year from now. (b) You are also in
(a) Assume you have entered a futures contract to buy one ton of wheat at $2.75 a year from now. (b) You are also in charge of buying one ton of wheat in one year for a flour mill. Show (carefully) the combined payoff of your positions using both a table and a graph. Ignore any transactions costs.
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