Question
Today's hdbshdbshexpected basis is $178/tonne . Calculate the Expected Forward Price Assume that the hedge is offset on 05/01/2021 when the January snn 326 /tonne
Today's hdbshdbshexpected basis is $178/tonne.
- Calculate the Expected Forward Price
- Assume that the hedge is offset on 05/01/2021 when the January snn 326 /tonne and the actual basis is $6888/tonne weaker than expected
Complete thhdnshdnd compute the Actual Sale Price
| Date | Cash Market | Futures Market | Basis |
| 15/0ndhsb20 | Forward Price = $________/t | _________ _____ contracts of (Buy or Sell) (#) ___________ wheat @ $_____/t (Conhdshbh, year) | (expected) |
| 05/01/2021 | Cash Wheat @ _______/t | _________ _____ contracts of (Bujsdnl) (#) ___________ wheat @ $_____/t (Contract month, year) | (actual) |
| Cash Price Received = __________/t | Futures Gain/Loss = $ ______/t | Basis Change from Expected to Actual Basis = _______/t | |
| Net Sjsdns: ($___________/t = $___________/t $___________/t) | |||
c) Did the asdhsdbs hsdbsExplain why or why not
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The Audit Process Principles Practice And Cases
Authors: Stuart Manson, Iain Gray, Louise Crawford
6th Edition
1408081709, 978-1408081709
