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Business, 10.07.2019 17:30 tystar84

Acompany will buy 1200 units of a certain commodity in one year. it decides to hedge 70% of its exposure using futures contracts. spot price and futures price are currently $110 and $95. the one year futures price of the commodity is $95. if the spot price and the futures price in one year turn out to be $119 and $114, respectively. what is the average price paid for the commodity?

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