11.

If a share fund manager expects the share market to fall and wants to hedge his portfolio, then in the futures markets they:

Select one:

a. Is expecting the prices of the underlying financial instruments to rise

b. Can enter into futures contracts and the obligation to receive the underlying financial instrument at the specified future date

c. Can enter into a short position with financial futures contracts

d. May enter into a financial futures contract and have the option to deliver or receive the underlying financial instrument at the specified date

e. Can enter into a long position in financial futures contracts.