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A farmer hedged his risk by buying put options for $0.12 each on wheat with an exercise price of $2.90 per bushel. If the price

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A farmer hedged his risk by buying put options for $0.12 each on wheat with an exercise price of $2.90 per bushel. If the price of wheat at the expiration of the contract is $2.90, what is the net revenue from each bushel of wheat? Multiple Choice $2.90 O O O $2.78 O $3.02 o $2.84

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