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garp20-t3-8.20

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    Frm book 3 problem 8.20

    Question 8.20: On January 15 of Year 1, a company decides to hedge the purchase of 100,000 bushels of corn on February 15 of Year 2. The following table gives futures prices (cents per bushel) of three selected contracts on four different dates. Explain how the company can use the contracts to...
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