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10-11-2022
Business

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a farmer sells 4 million bushels of corn. the spot price of $2.10 per bushel. the total cost of production was $9.2 million. the farmer has an effective tax rate of 25%. if the farmer entered into a futures contract at a price of $2.40 per bushel on 4 million bushels, what is the farmer's net loss or gain? g

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