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6. (1.5 points) Suppose Ben needed to sell Gold in early February. Accordingly, he wanted to hedge against price movements, given recent volatility, to minimize

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6. (1.5 points) Suppose Ben needed to sell Gold in early February. Accordingly, he wanted to hedge against price movements, given recent volatility, to minimize the variation in the price he will receive per ounce. He took a short position on a February 2022 contract on 12/14 and closed out the position on 1/28. What is the net price Ben received per ounce? 12/1 12/14 12/28 1/3 1/14 1/28 Spot Price: $1,782.08 $1,772.46 $1,806.46 $1,804.02 $1,817.71 $1,791.86 $1,784.30 $1,772.30 $1,810.90 $1,800.10 $1,816.70 $1,784.90 Contract Month: February 2022 Contract Month: April 2022 $1,786.30 $1,774.80 $1,813.30 $1,802.30 $1,818.9 $1,792.20

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