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Farmer Carter will harvest 257,000 bushels of corn in 4 months. The current spot rate is $5 a bushel. Forward rate on a 5-month Future
Farmer Carter will harvest 257,000 bushels of corn in 4 months. The current spot rate is $5 a bushel. Forward rate on a 5-month Future contract (5000 bushels) is $3.5 a bushel. In 4 months, the spot rate is $3.2 a bushel and the forward rate of the Future contract is $3.0 a bushel. What is the gain in the futures
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Financial Management Theory and Practice
Authors: Eugene Brigham, Michael Ehrhardt, Jerome Gessaroli, Richard Nason
2nd Canadian edition
176517308, 978-0176517304
