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On March 1 the price of oil is $ 6 0 and the July futures price is $ 5 9 . On June 1 the
On March the price of oil is $ and the July futures price is $ On June the price of oil is $ and the July futures price is $ A company entered into a futures contract on March to hedge the purchase of oil on June It closed out its position on June After taking into account the cost of hedging, what is the effective price paid by the company for oil?
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