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Author Question: Ray Kinsella sold 20 wheat futures contracts in May. The contracts are for November delivery at a ... (Read 227 times)

tuffie

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on: Apr 25, 2021
Ray Kinsella sold 20 wheat futures contracts in May. The contracts are for November delivery at a price of $5.3525/bu. Ray sold the contracts to protect against a drop in wheat prices. It is now November and wheat prices have fallen considerably to $3.00/bu. To complete the hedge transaction, Ray can

I. Deliver 100,000bu of wheat to Chicago.
II. Buy 20 November wheat contracts.
III. Do nothing and let the futures contract expire.

◦ I
◦ II
◦ III
◦ I or II
Corporate Finance Online ¦ Eakins, McNally ¦ 2nd Edition
Buy Test-Bank


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Marked as best answer by tuffie on Apr 25, 2021

bob

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Reply #1 on: Apr 25, 2021
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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tuffie

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Reply 2 on: Apr 25, 2021
Thanks for the timely response, appreciate it

tranoy

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Reply 3 on: Yesterday
Excellent

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