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A hedger buys a futures contract that obligates the owner to take delivery of 5,000 bushels of wheat at a price of $3.30 per bushel.At expiration the spot price of wheat is $3.80 per bushel.The hedger has:
1923
The year notable for several significant global events, including the establishment of the Turkish Republic following the dissolution of the Ottoman Empire and the Great Kanto earthquake in Japan.
United States Constitution
The supreme law of the United States, establishing the framework of the national government and the rights of citizens.
Environmental Acts
Laws and regulations enacted by governments to protect the environment, control pollution, and conserve natural resources.
Pollution
The introduction of contaminants into the natural environment that cause adverse change, affecting air, water, and land.
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