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7. Suppose you buy an asset for $70 and sell a futures contract for $72 to hedge it. What is your overall gain/loss if, prior
7. Suppose you buy an asset for $70 and sell a futures contract for $72 to hedge it. What is your overall gain/loss if, prior to maturity, you sell the asset for $75 and the futures price at which you offset your short position at that time is $78? a) -$1 b) $2 c) $1 d) -$6 e) None of the above
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