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You are a consumer of a commodity. You are scheduled to purchase 1,000 units of the commodity next month. To partially hedge against prices rising,

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You are a consumer of a commodity. You are scheduled to purchase 1,000 units of the commodity next month. To partially hedge against prices rising, you enter a one-month futures contract on 300 units, deliverable at the same location. If the futures price is $2.65 when you enter and $2.90 when you exit, what is your total cash flow, including the physical purchase and the gain/loss on the futures position? a. (2.902.65)300+2.901000 b. (2.902.65)300+2.65700 c. (2.652.90)3002.651000 d. (2.902.65)3002.901000

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