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A college endowment fund is committed to purchasing stock in 3 months when the next installment from its capital campaign is received. To reduce its

A college endowment fund is committed to purchasing stock in 3 months when the next installment from its capital campaign is received.

To reduce its price risk the fund could

Buy stock index put options

Buy stock index call options

Buy stock index futures Sell stock index futures

I or III

II or III

I or IV

II or IV

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