You expect to deliver 80,000 bushels of corn to the market in September. Today, you hedge your position at the closing price as shown in the table. Assume that the market price turns out to be
264) 8 at the time you make your delivery in September. How much income will you receive in total
From the hedged delivery of your corn?
Corn - 5,000 bu.; cents per bu. 
A) $202,240
B) $206,710
C) $208,970
D) $210,000
E) $211,840
Correct Answer:
Verified
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