Question 20 (2 points) A cattle farmer wanted to hedge their input of corn for feed. They entered the corn futures marke
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Question 20 (2 points) A cattle farmer wanted to hedge their input of corn for feed. They entered the corn futures marke
Question 20 (2 points) A cattle farmer wanted to hedge their input of corn for feed. They entered the corn futures market at $6.84/bu. Expected basis is $0.20/bu over. What is the expected net price the cattle farmer will pay? Type in $ format without words, like $10.00