If you have to buy 10,000 barrels of WTI oil for your chemical company once every three
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August 31, and that you have agreed to pay the spot price today for the shipment in 3 months. In other words, you always know the price three months before you actually pay it.
Related Book For
Financial Management Theory and Practice
ISBN: 978-0176517304
2nd Canadian edition
Authors: Eugene Brigham, Michael Ehrhardt, Jerome Gessaroli, Richard Nason
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