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Cable Guru hedged the price of Copper by buying futures contract. On the day their position is closed, the spot price of Copper declined significantly.

Cable Guru hedged the price of Copper by buying futures contract.

On the day their position is closed, the spot price of Copper declined significantly.

What would be a CORRECT observation?

Group of answer choices

Cable Guru saved money by hedging

Cable Guru got the lower price by hedging

The Futures Contract seller lost money

The Futures contract seller made a profit

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