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An elevator operator typically purchases huge amounts of grain from farmers. Assume the following prices. Date Spot Price/Bu March Futures Price September 1 $2.10 $2.34

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An elevator operator typically purchases huge amounts of grain from farmers. Assume the following prices. Date Spot Price/Bu March Futures Price September 1 $2.10 $2.34 October 1 $2.05 $2.20 November 1 $2.20 $2.38 It costs the elevator $0.05/Bu/month to store the grain. How many different futures contracts are considered in this example? 02 1 M DELL

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