20. Why does hedging a common sto ck portfolio using stock index futures work best if the...

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20. Why does hedging a common sto ck portfolio using stock index futures work best if the portfolio being hedged is very similar to the underlying stock index of the futures contract?

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Investments

ISBN: 9788120321014

6th Edition

Authors: William F. Sharpe, Gordon J. Alexander, Jeffery V. Bailey

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