Question
A farmer sells corn futures contracts at a price of $2.75 per bushel. The spot price of corn is $2.55 at contract expiration. The farmer
A farmer sells corn futures contracts at a price of $2.75 per bushel. The spot price of corn is $2.55 at contract expiration. The farmer harvested 12,500 bushels of corn and sold futures contracts on 10,000 bushels of corn. What are the farmer's proceeds from the sale of corn?
A. $27,500
B. $31,750
C. $33,875
D. $35,950
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Healthcare Financial Management Applied Concepts And Practical Analyses
Authors: Cassandra R. Henson
1st Edition
0826144748, 978-0826144744
