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What is the net hedged selling price per bushel of corn

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March 13, Mr. Smith planted corn and sold December corn at $2.15/bushel. On Nov. 15 (after harvest) he offset the short position by buying back December corn at $2.03/bushel and sold his corn in the local cash market for $1.91. What is the net hedged selling price per bushel of corn?

a. $2.04/bushel

b. $2.03/bushel

c. $2.15/bushel

d. $1.91/bushel

e. None of the above

Reference no: EM132355634

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