Question: Question 2 3 points Save Answer On March 1, the price of a commodity is $1,000, and the December futures price is $1,015. On November

Question 2 3 points Save Answer On March 1, the price of a commodity is $1,000, and the December futures price is $1,015. On November 1, the price of the commodity is $980, and the December futures price is $981. A producer of the commodity entered into a December futures contracts on March 1 to hedge the sale of the commodity on November 1. The producer closed out its position on November 1. The producer of the commodity takes a futures position long Sain short loss Moving to another question will save this response Question 2 of 25 MacBook Air 11 4 80 DOO 000 F4 FO 7 FR FVO 22 + $ 4 % 5 a > & 7 * 00 3 9 O { E 70 T Y O P 00 7

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