Why would a corn farmer, who maintains a short futures contract after harvesting and selling her crop, be considered a speculator?
What will be an ideal response?
The farmer was a hedger until she sold her crop. Her perspective then changed since she no longer had an asset to hedge. Her naked contract is now a speculation.
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Amounts spent for charitable contributions are an example of a(n):
A. committed fixed cost. B. discretionary variable cost. C. committed variable cost. D. engineered cost. E. discretionary fixed cost.
Liquidity ratios address the question of whether a company can meet its obligations over the long term, and financial leverage ratios address the question of whether a company can meet its obligations over the short term
Indicate whether the statement is true or false.
What is the expected number of the new microwaves sold that will require a warranty repair in the first 90 days?
Kelly was sent by her employer to work on a special assignment in Paris for six months. Kelly will be able to exclude some of her income earned in Paris.
Answer the following statement true (T) or false (F)