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For the following questions, please write the correct answer(s) in the space provided. Each part may have zero, one, or more than one correct answer.
For the following questions, please write the correct answer(s) in the space provided. Each part may have zero, one, or more than one correct answer.
A "perfect hedge" locks in a buy (or sell) price equal to
1. The current spot price.
2. The current futures price.
3. A price in between the current spot and current futures prices.
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