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Extra* (Options) a. -firm should (buy/sell) ________ future contracts -thus the firm (has/hasnot) hedged c. -gains on future contracts (exactly offset/ are lower than/ are

image text in transcribedExtra* (Options)

a.

-firm should (buy/sell) ________ future contracts

-thus the firm (has/hasnot) hedged

c.

-gains on future contracts (exactly offset/ are lower than/ are higher than)

-It is (quite easy/ virtually impossible) to create

-underlying asset ( is / is not ) identical

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