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an investor hedges a long position in 50,000 pounds of concentrated orange juice in june by shorting november orange juice futures contracts. the current spot
an investor hedges a long position in 50,000 pounds of concentrated orange juice in june by shorting november orange juice futures contracts. the current spot orange juice price is $1.3024 per pound and the current november futures contract price is $1.2577 per pound. what is the investors initials basis in cents (dollars x 100)? round your final answer two deciaml places
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