Homework Answers
Answer:
Correct answer is:
3. $4.95
Explanation:
Price he net for his corn = Future price he bought - Premium paid - basis = $5.50 - 0.45 - 0.10 = $4.95
Option 3 is correct.
As price he net = $4.95 other options 1, 2 and 4 are incorrect.
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Just checking to see if I got these right, thanks in
advance.
.
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