On March 1 the price of a commodity is $300 and the December futures price is $315. On November 1 the price is $280 and the December futures price is $281. A producer entered into a December futures contracts on March 1 to hedge the sale of the commodity on November 1. It closed out its position on November 1. What it the effective price received by the producer? a. $300 b. $280 c. $314 d. $281 e. $315 Which of the following lead to IBM issuing more share? a. Some executive stock options are exercised. b. Some warrants on IBM are exercised. c. Some of IBM's convertible debt is converted to equity. d. a and b are correct e. a, b and c are correct