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contracts can be used? Be specific. 2. Why might someone want to hedge with a futures contract? How would they do it? 4. S-One Insurance

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contracts can be used? Be specific. 2. Why might someone want to hedge with a futures contract? How would they do it? 4. S-One Insurance Company sold S&P 500 stock index futures that specified an index of 1690. When the position was closed out, the index specified by the futures contract was 1,750 Determine the profit or loss, ignoring transaction costs

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