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A farmer will produce 1 0 tons of bacon 6 months from now. The futures contract price for bacon is $ 4 , 5 0

A farmer will produce 10 tons of bacon 6 months from now. The futures contract price for bacon is $4,500 per ton in 6 months. The 6-month T-bill return is 2.2% and the one year T-bill rate is 4.1%(actual returns). How much money may the farmer be assured of receiving 12 months from now, with no cash flows today or in 6-months?

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