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d. If the crude oil spot price in November is 54.05 when TPHB sells its crude oil and closes its futures position, what is
d. If the crude oil spot price in November is 54.05 when TPHB sells its crude oil and closes its futures position, what is the effective price per barrel it would receive if the December futures price is 54.60? If it is 54.10? $53.72; $54.22 e. What is the basis in November when TPHB sells its crude oil if the futures price is 54.60? If it is 54.10? -0.55; -0.05
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Personal Financial Planning
Authors: Lawrence J. Gitman, Michael D. Joehnk, Randy Billingsley
13th edition
1111971633, 978-1111971632
