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futures contract

futures contract

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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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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