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0 Your trading is to primarily hedge your risk exposure to the oil price. For student whose student number end with odd number, assume you

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0 Your trading is to primarily hedge your risk exposure to the oil price. For student whose student number end with odd number, assume you are n'easurers at airline company, and you are going to buy l,[l[l[l barrels of jet fuel oil in 3 months. For student whose student number end with even number, assume you are jet fuel oil producer, and you are going to sell 1U,D[l barrels of jet fuel oil in 3 months. You aim to use Energy future products to hedge your price risk. Record the fuel price when they start to take positions on CME, to: 1) provide a background info aboutl'jusn'fy how many contracts you go longishort, 2} show whether you succeed in hedging risk. 0 You have $1,[l{l USD cash on hand at the beginning of your trading. You must use at minimum ?U% of your account balance to hedge your oil price risk. Meanwhile, you are allowed to have up to 3D% of your account balance to speculatingfarbin'aging, and the speculationfarbitrage products are not limited to Energy futures (e.g., other future products, you can even use {3th futures to earn shortterm profit, but also mind the potential loss). ' You can trade anytime after your instructor's demonsn'aon, ll any date before 26 August 2022. You can also stop your trading before this date if you already nalized your trading strategy. You can tIade as many times as you want, as long as you can justify your trading philosophy. You can do some trials at the beginning of the trading period to get familiar with the platform. When you decide to officially start

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