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A farmer enters into a short corn futures contract at a price of $2.80 per bushel. The spot price of corn drops to USD 2.65 when the contract expires and the farmer delivers her corn. If the farmer harvested 13,000 bushels of corn and had futures contracts on 10,000 bushels of corn, Find the farmer's net proceeds when corn is sold?

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Basic Finance, Finance

Category:- Basic Finance
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