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Mogul oil refinery is planning to buy 9000 barrels of oil in 9 months. Sel hedges the risk by buying futures on 6300.0 barrels of

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Mogul oil refinery is planning to buy 9000 barrels of oil in 9 months. Sel hedges the risk by buying futures on 6300.0 barrels of oil. The current of the $24.0 dollars per barrel. If in 9 months the spot price of oil is $230 and the $23.9 per barrel, what is Mogul's effective cost per barrel? O 22.93 0 23.15 O 23.07 O 23.52 0 24.02

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