Question
ADM plans to buy 60,000 bushels of soybeans in August. The spot price of soybeans is currently $9.51/bushel. Soybean futures are defined as 5,000bu, $0.01/bu.
ADM plans to buy 60,000 bushels of soybeans in August. The spot price of soybeans is currently $9.51/bushel. Soybean futures are defined as 5,000bu, $0.01/bu. September soybeans are quoted at 974. What is the effective price per bushel if this is a textbook hedge? (rounded $ to two places after the decimal)
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Cash Confident An Entrepreneurs Guide To Creating A Profitable Business
Authors: Melissa Houston
1st Edition
1637586361, 978-1637586365
