Question
It's July and a producer sells November corn futures for $5.45 per bushel. At harvest they sell their corn locally at $4.85 per bushel and
It's July and a producer sells November corn futures for $5.45 per bushel. At harvest they sell their corn locally at $4.85 per bushel and buy back their future contracts for $5.15 per bushel. What is their net selling price they will receive?
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How To Save It Fix Your Finances
Authors: Bola Sol
1st Edition
1529118816, 978-1529118810
