Blake Phoenix is a farmer who is concerned about the price of his corn crops that will be harvested in three months. What can he do today to ensure his later profitability?
A) Sell corn futures at today's fixed price for a delivery in 90 days.
B) Buy corn futures today for delivery in 90 days.
C) Sell corn futures in 90 days for delivery then.
D) Buy corn futures in 90 days for delivery then.
Correct Answer:
Verified
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