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a hedger who decides to close out his futures position before the maturity date is exposed to: a. the basic risk on the day of
a hedger who decides to close out his futures position before the maturity date is exposed to:
a. the basic risk on the day of closing
b. the uuncertanty of spot price movevments over the hedged interval
c. the uncertanty of futures price movement over the hedged interval
d. all of the above
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