Hedging requires investors to purchase assets that will offset the sensitivity of their portfolios to particular sources

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Hedging requires investors to purchase assets that will offset the sensitivity of their portfolios to particular sources of risk. A hedged position requires that the hedging vehicle provide profits that offset variation in the value of the position to be protected. P-63

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ISE Investments

ISBN: 9781266085963

13th International Edition

Authors: Zvi Bodie, Alex Kane, Alan Marcus

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