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Finally, assume that the sugar producer is ready to sell their sugar in mid-August. At this time, the spot price of Sugar No. 11 has

Finally, assume that the sugar producer is ready to sell their sugar in mid-August. At this time, the spot price of Sugar No. 11 has changed to USD0.2240 per pound and the futures price for delivery in two month is USD0.2260 per pound. (f) Calculate the outcome with and without the hedge. What is the producer's effective selling price with and without the hedge? Did they benefit from this hedge

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