Jump ahead to harvest-time assume you had purchased the 575


Jump ahead to harvest-time. Assume you had purchased the $5.75 put for $1.63 in the spring.

The futures price is currently $7.52 and you sell your beans for $6.17/bu at the elevator. What is your ending basis? Be sure to signify a negative number with a minus sign.

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Financial Management: Jump ahead to harvest-time assume you had purchased the 575
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