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You bought July corn puts at a premium of $0.25/bushel and sold them back at a premium of $0.20/bushel. Then, you sold the corn

You bought July corn puts at a premium of $0.25/bushel and sold them back at a premium of $0.20/bushel. Then, you sold the corn in the cash market at $2.80/bushel. What was the total price you received (effective selling price) for your corn? $2.55/bushel $2.60/bushel $2.75/bushel $2.95/bushel $3.20/bushel

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