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Business, 14.10.2021 01:00 gracie0818

In September 2021, Lynd Company buys March 2022 futures contracts for 1,000,000 pounds of frozen concentrated orange juice that it needs for its production in 2022. Lynd has a December 31 calendar year. During 2021, both the price of orange juice and Lynd's futures contracts decline in value. If the futures contracts decline by $52,000 during 2021 and remain at the same level until the contract expires in March 2022, Lynd would

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In September 2021, Lynd Company buys March 2022 futures contracts for 1,000,000 pounds of frozen con...
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