Question: help! Using the following information, please make the correct choices. On September 3rd, you wanted a futures contract's worth of corn, which had a cash
Using the following information, please make the correct choices. On September 3rd, you wanted a futures contract's worth of corn, which had a cash (January futures) price of $6.05 (\$6.23). On January 3rd, the cash (futures) price is $6.33($6.48). What is the total dollar amount gained or lost in the futures? What is the net hedged buying or selling price? L. 10,000 II. +1.400 III. -150 N. 6.48 V. +10,000 V. 1,400 VII. 1,250 VIII, +150 IX. 6.08 X. 6.73 XI. 6.58 XII1+1,250 XIII. 6.33
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