Question: 6. A trader has decided to roll a short hedge forward until December to hedge a long position in corn inventory. The schedule below shows

6. A trader has decided to roll a short hedge
6. A trader has decided to roll a short hedge forward until December to hedge a long position in corn inventory. The schedule below shows the dates on which trades are made and the prices.~ a. Determine the effective price at which the corn was sold on December 12. ~ b. Explain whether the trader would have made more (or less) profit if it had not hedged its inventory position.~ Date Action Price February 6(7 Sell March Futures $5.73

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