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Suppose you have a graduation party coming up next weekend on 5/22/2021 and need to spend $10k, but if the weather temperature is lower than
Suppose you have a graduation party coming up next weekend on 5/22/2021 and need to spend $10k, but if the weather temperature is lower than 71 degrees Fahrenheit your party would be canceled. What type of weather derivative would you purchase? How much would it be? Show work.
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