Question 4 (2 points) A farmer signed a basis contract on 6/01 for corn she will sell in the Fall of 2022. At the time s

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Question 4 2 Points A Farmer Signed A Basis Contract On 6 01 For Corn She Will Sell In The Fall Of 2022 At The Time S 1 (53.78 KiB) Viewed 30 times

Question 4 (2 points) A farmer signed a basis contract on 6/01 for corn she will sell in the Fall of 2022. At the time she signed the contract, the basis being offered for October of -$0.20, the cash price was $7.60, and the futures price for fall was $7.80. Come October, the farmer delivers the corn. On that day, basis is -$0.30, cash price is $6.95, and futures price is $7.25. What price will the farmer receive for their corn? $7.15 $7.05 $6.75 $7.30