| Darper fats! roo j
202020 DRM fo / 77 /@
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4) Gedd mon bochs inp Dorrow 4 puncte 7h
gtd fad eal & ortho . 94 ravers he __
4\200 ot 5h thot C+ becorre’r $1260
atthe oad of the yeor _
Derg y, it leote ryote of 1-5 +h
ew _$ 200 tws $18 oad leg ves Fy
fey OND eencemet a
Dt fedlows Wrat if Tt agiecd to buy tue
gatal for ters joer $ (DL ta tre Yeon
ie with meke a probit
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Dorper fax |
20202 lO
Soler -
G3 al Che fecwrde for tre _Awwrberr ef Contre
Mot Should pe shoved giver
PMB EGE
eoeee |e 200 00,000
lo ¥Ox2 SO
Aduswld be wiorted
;
vl te luce ‘the boda to O.6 half Of Huis pos-tteal
Oe di pegrh Pasttian in LU (Covbeacts
Ne quirud
C\ he lempeny (ans to TA Coase Tre
berm ef tre Port Mlio 6 & loo
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30202\10
_ Solytion |
Tae optinal hedge date (A
Oa [ee
_ 1b
= 0.6
Tue bee luce Seqpirsd a long positron
LA 2,00 000 x 0-6 = 120000 |bs of aftle
The beef producer dheld ilwuflere teke
A Nong Papier 2a BVecemen Cortvars
Assing puch it porition 6 November 15.
-_
aul Bo inn Vationce & podlge vat
p= Correlation (pels ret x Standated Deviation
of oF8et | stendord peyraho Of velete! sie+
O-F5%x 043 1.02125
o- bo
Aeon Big hd le tre Shore postion
LE ped; rdgods Nz Min Murr vy anvione hedge
t meats se COunatity | WC bute Guaatity
= \.02125 x 55 00
S000
= \t
T = [i
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22O2@ 0 [one /€
RS) catunien . SaaaTanE —
D Mgch iA expected fo pug achesidinel og
tz
A) the forward Psicc_ rfebhodt and
tre astral volte & tro
peor orhaed _
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20202 NO
2 hoy OF
Tue eehved Juve foie tS only hos.
|
— Shows jet dre 4 fidure prteoes obo deh
OM bidrage DA raleyg ig
S]aleen Moprsy ou of tre bonk
G3 take the delivery aad py lod
CS fleturn dre sored Vprlorlying Boe
| Srdce plu dividoud
| BS Cower for pals
Peer
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Zoto2r \IO ome >
bat) sclwton
Breck dyhne of dah Trade
Expiry dete 2%" May 2921
Vartkte+ let 37) im. i250
Open Trtvest = |24800,000
No. Great Tradeo’ = 1563
‘Scanned with CamScanner