ADM plans to buy 104,422 bushels of soybeans in August. The spot price of soybeans is...
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ADM plans to buy 104,422 bushels of soybeans in August. The spot price of soybeans is currently $9.53/bushel. Soybean futures are defined as 5,000bu, $0.01/bu. September soybeans are quoted at 974. How many future contracts will it take to fully hedge this position? (whole number), (+) long, (-) short ADM plans to buy 104,422 bushels of soybeans in August. The spot price of soybeans is currently $9.53/bushel. Soybean futures are defined as 5,000bu, $0.01/bu. September soybeans are quoted at 974. How many future contracts will it take to fully hedge this position? (whole number), (+) long, (-) short
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Step 12 GIVEN THAT AMOUNT OF BUSHELS TO BUY 104422 SOYABEAN FUTURES 5000 THE PRICE WILL INCREASE T... View the full answer
Related Book For
Fundamentals of Investment Management
ISBN: 978-0078034626
10th edition
Authors: Geoffrey Hirt, Stanley Block
Posted Date:
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