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On March 1 the spot price of gold is $1900 and the December futures price is $1915 . On November 1 the spot price of

On March 1 the spot price of gold is

$1900

and the December futures price is

$1915

. On November 1 the spot price of gold is

$1980

and the December futures price is

$1981

. A gold producer.entered into a December futures contract on March 1 to hedge the sale of gold on November 1. It closed out its position on November 1. What is the effective price received by the producer for the gold

image text in transcribed
On March 1 the spot price of gold is $1900 and the December futures price is $1915. On November 1 the spot price of gold is $1980 and the December futures price is $1981. A gold producer.entered into a December futures contract on March 1 to hedge the sale of gold on November 1. It closed out its position on November 1. What is the effective price received by the producer for the gold ((after taking account of hedging)

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