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A farmer sells futures contracts at a price of $5.85 per bushel. At contract expiration, the spot price of corn is $6.15. The farmer harvested

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A farmer sells futures contracts at a price of $5.85 per bushel. At contract expiration, the spot price of corn is $6.15. The farmer harvested 17,000 bushels of corn and sold futures contracts on 15,000 bushels of corn. What are the farmer's proceeds from the sale of corn? $72,300 $77,500 $83,750 $95,300 $100,050

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