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Kayla is a speculator in the market for a rare French goat cheese known as Crottin de Chavignol. She entered into a futures contract with
Kayla is a speculator in the market for a rare French goat cheese known as Crottin de Chavignol. She entered into a futures contract with farmers from the small town of Chavignol, where the cheese is produced. The futures contract specifies that after months, Kayla will purchase kilograms of Crottin de Chavignol at $ When the specified number of months has passed, the price of Crottin de Chavignol is $ What is Kayla's profit per kilogram? Please denote losses with a negative sign.
Profit per kilogram $
Which statement is NOT true about futures contracts?
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The futures markets are used as a prime tool for speculators.
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