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For part of the year, your cousin's business operates a fleet of snowplows headquartered in...

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Finance

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For part of the year, your cousin's business operates a fleet of snowplows headquartered in Rochester. At the start of the snow season, the business receives from each residential or commercial customer a fixed up front fee, in exchange for 100% full snowplowing service for the entire winter season. Explain how and why your cousin's business should consider using snowfall futures contracts

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