futures contract
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
V4. Minka writes a futures contract for 1,000 bushels of June Wheat. If Minka does not personally want to take possession of the wheat, she can consider the following beneficial action:
1. sell the futures contract
2. pay a release of contract fee
3. default on the future contract
4. she cannot avoid accepting delivery if the wheat
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