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You are the purchasing agent for a cereal company. You anticipate that your firm will need 100,000 busheis of whieat in August. The futures contracts

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You are the purchasing agent for a cereal company. You anticipate that your firm will need 100,000 busheis of whieat in August. The futures contracts on wheat is based on 5,000 bushels and are currently quoted at 1034.75 cents. You can hedge your price risk by a total of contracts at o current value of per contract. Mutiple Choice Buying: 20, 551737,50 Selling: 20, 551,737,50 Selling 30,552,18750 Buying, 15, \$52,187.50 Buying: 30;552:897.50

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