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help solve this please A farmer enters a short six-month futures contract on corn at a price of $1.81 per bushel today to hedge his
help solve this please
A farmer enters a short six-month futures contract on corn at a price of $1.81 per bushel today to hedge his future corn sale in 5 months. If the farmer closes out his futures position in 5 months, when the futures price on the same contract (maturing in one month) is $1.58 per bushel, and the spot price at that time is $1.51 per bushel, what is the effective price received by the farmer (per bushel). Enter your answer correct to 2 decimal places. Do not enter the $ sign Step by Step Solution
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