Question: Question 33 (4 points) A corn farmer hedged corn futures. He initially entered the futures market at $7.00/bu and exited at $5.80/bu. Assume basis is

Question 33 (4 points) A corn farmer hedged corn futures. He initially entered the futures market at $7.00/bu and exited at $5.80/bu. Assume basis is -$0.20. What is the final net price received by the farmer? Type in $ format like $6.00 A/ Question 34 (4 points) A beef slaughterhouse hedged in live cattle futures. They initially entered the futures market at $132/cwt and exited at $129/cwt. Cash price at the time of delivery was $130/cwt. What is the final net price paid by the slaughterhouse? Type in $ format like $200.00 N

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