Business, 20.03.2020 12:31 ondray3435

You are the purchasing agent for a major cookie company. You anticipate that your firm will need 20,000 bushels of oats in December. You decided to hedge your position today and did so at the closing price on a day with reported prices of: Settle 418.50. Assume that the actual market price turns out to be 428.70 on the day you actually buy the oats. Oats futures contracts are based on 5,000 bushels and priced in cents per bushel. How much did you gain or lose by hedging your position

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You are the purchasing agent for a major cookie company. You anticipate that your firm will need 20,...

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