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In March 2014, projects to harvest 100 tons of apples in May 2014. In March, May orange fu

In March 2014, projects to harvest 100 tons of apples in May 2014. In March, May orange fu

In March 2014, projects to harvest 100 tons of apples in May 2014. In March, May orange futures are selling at $1329 per ton. He wants to lock in this price so he has purchased futures contracts at $1329 per ton. The total cost of the futures contract is $128. (1) What is his total revenue if the May spot price drops to $1208 per ton? (2) What is his total revenue if the May spot price increases to $1375 per ton? Show all work

 
Abhinav 03-Dec-2019

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