Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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A cattle farmer expects to have 120,000 lbs live cattle to sell in 3 months. Chicago Mercantile Exchange live-cattle futures with a three-month expiration exist for delivery of 40,000 lbs of cattle. How should this farmer hedge?
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