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Title: A maker of breakfast cereals has contracted to buy 100,000 bushels of wheat for $4.50 a bushel at ... Post by: papahomer on Jun 1, 2017 A maker of breakfast cereals has contracted to buy 100,000 bushels of wheat for $4.50 a bushel at the end of October. On the delivery date, the spot price of wheat is $4.70 per bushel. Which of the following is true?
A) The seller of the contract has $20,000 profit. B) The buyer of the contract has a $20,000 loss. C) The buyer of the contract has a $20,000 profit D) Both A and B are true Title: Re: A maker of breakfast cereals has contracted to buy 100,000 bushels of wheat for $4.50 a bushel ... Post by: David_hess on Jun 1, 2017 Content hidden
Title: Re: A maker of breakfast cereals has contracted to buy 100,000 bushels of wheat for $4.50 a bushel ... Post by: 10 on Jun 6, 2020 good
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