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Business, 31.10.2021 04:50 MarishaTucker

On March 1 the price of gold is $300 and the December futures price is $314. On November 1 the price of gold is $280 and the December futures price is $281. A gold producer entered into a December futures contracts on March 1 to hedge the sale of gold on November 1. It closed out its position on November 1. What is the effective price received by the producer for the gold

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On March 1 the price of gold is $300 and the December futures price is $314. On November 1 the price...
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