Farmer brown grows number 1 red corn and would like to hedge the value of the coming harvest. however, the futures contract is traded on the number 2 yellow grade of corn. suppose that yellow corn typically sells for 94% of the price of red corn. if he grows 178,600 bushels, and each futures contract calls for delivery of 5,000 bushels, how many contracts should farmer brown buy or sell to hedge his position? (round your final answer to the nearest whole number.)

3,500 beverages

explanation:

um sure

two years ago, when picking flowers in the mountains back of yosemite valley, i found a book. it was blotted and storm-beaten; all of its outer pages were mealy and crumbly. the paper seemed to dissolve like the snow beneath which it had been buried, however; many of the inner pages were well preserved. and although all were more or less stained and torn, whole chapters were easily readable. this is the condition of the great open book of yosemite glaciers today; its granite pages have been torn and blurred by the same storms that wasted the castaway book.

two years ago, when picking flowers in the mountains back of yosemite valley; i found a book. it was blotted and storm-beaten, all of its outer pages were mealy and crumbly. the paper seemed to dissolve like the snow beneath which it had been buried, however, many of the inner pages were well preserved. and although all were more or less stained and torn; whole chapters were easily readable. this is the condition of the great open book of yosemite glaciers today, its granite pages have been torn and blurred by the same storms that wasted the castaway book.