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What if instead, a farmer had signed a BASIS contract for HARVEST? Now, it's harvest (Nov) and the farmer delivers his beans. The futures price
What if instead, a farmer had signed a BASIS contract for HARVEST? Now, it's harvest (Nov) and the farmer delivers his beans. The futures price at harvest is $12.25, cash price at harvest is $11.35, and so basis is -$0.90. What price does the farmer get for the beans he signed a basis contract for
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Microeconomics
Authors: Dean Karlan, Jonathan Morduch
1st edition
978-0077332587, 007733258X, 978-0077332648, 77332644, 978-1259163531
