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33. Nervous Purvis produces soy bean meal and is thinking about trading an option and/or a futures contract to hedge his next PURCHASE of soybeans.

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33. Nervous Purvis produces soy bean meal and is thinking about trading an option and/or a futures contract to hedge his next PURCHASE of soybeans. Based on the choice below Purvis should: a short a futures contract b. buy a call option c. buy a put option d. establish a short collar

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