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Business, 05.04.2021 23:50 shikiaanthony

Delta utilizes 1,500,000 gallons of jet fuel every monthand wants to hedge its position buy entering into a swap contract to buy its jet fuel monthly starting in onemonthfor the next 6 months. The risk-free rate for all horizons up to 6 monthsis 1.25%and the forward price of jet fuel per gallon is listed below. What would be the swap price of the 1,500,000 gallons of jet fuel each monthfor the next 6 months

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