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QUESTION 2 0 You make a sale of soybeans at + 5 JUL which establishes a new short - the - basis position. You later

QUESTION 20
You make a sale of soybeans at +5JUL which establishes a new short-the-basis position. You later spread your long futures
to the NOV at a $1.00 inversion. What's your adjusted sell basis?
+5NOV
+95NOV
+100NOV
+105NOV
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