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Question 4 (10 points) You buy corn futures contracts at $2.55/bushel to hedge x cor purchase. You expect the basis to be 80.20 under. What

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Question 4 (10 points) You buy corn futures contracts at $2.55/bushel to hedge x cor purchase. You expect the basis to be 80.20 under. What is your target purchase price? O $1.95/bushel O $2.00/bushel $2.15/bushel $2.35/bushel $2.55/bushel

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