Question: Suppose today is December 4 , 2 0 2 0 , and your firm produces breakfast cereal and needs 1 1 0 , 0 0

Suppose today is December 4,2020, and your firm produces breakfast cereal and needs 110,000 bushels of corn in March 2021 for an upcoming promotion. You would like to lock in your costs today because you are concerned that corn prices might go upbetween now and March. Use Table 25.2

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