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elf_fu elf_fu
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6 years ago
KidCo bought forward contracts on 20,000 bushels of corn at $1.65 per bushel. Corporate tax rates are 35.00%. Revenue is $100,000 and other costs are $60,000. Spot prices on corn are $1.75 per bushel. Calculate the after-tax net income.
A) $7,000 loss
B) $7,000 gain
C) $4,550 loss
D) $4,550 gain
Textbook 
Derivatives Markets

Derivatives Markets


Edition: 3rd
Author:
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phuongha2892phuongha2892
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6 years ago
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elf_fu Author
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#2
6 years ago
Thank you phuongha2892
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#3
4 years ago
thank you
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#4
3 years ago
thank you
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#5
3 years ago
thank you
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