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In each of the five problems below: ( a ) Describe the elevator's hedging activity and, ( b ) Compute the profit of the elevator
In each of the five problems below:
a Describe the elevator's hedging activity and,
b Compute the profit of the elevator per bushel using the information in the table. Note: Storage cost is $ month bushel
tableDateSpot PriceBuMarch Futures PriceSept$$
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