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Question 9 In February, a company wanted to hedge the future purchase of crude oil some time in June or July by using August oil
Question In February, a company wanted to hedge the future purchase of crude oil some time in June or July by using August oil futures contracts. The August oil futures price was $ per barrel. When the company decided to buy crude oil in July, the oil spot price was $ and the August oil futures price was $ Calculate the net cost purchasing the oil with hedging. $ $ $ $ $
Question
In February, a company wanted to hedge the future purchase of crude oil some time in June
or July by using August oil futures contracts. The August oil futures price was $ per
barrel. When the company decided to buy crude oil in July, the oil spot price was $ and
the August oil futures price was $ Calculate the net cost purchasing the oil with
hedging.
$
$
$
$
$
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