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12- Consider the case where the spot and futures prices at the time the hedge is initiated are $2.50 and $2.20. At the time the
12- Consider the case where the spot and futures prices at the time the hedge is initiated are $2.50 and $2.20. At the time the hedge is closed out, they are $2.00 and $1.90, respectively. What is the effective price obtained for the asset with hedging?
Group of answer choices
$2.00
$2.20
$2.50
$2.10
$2.30
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