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Futures were bought on December 20, and later the prices of futures and spot markets changed as follows. At what point was full hedging possible?
Futures were bought on December 20, and later the prices of futures and spot markets changed as follows. At what point was full hedging possible?
Buy (12/20) January 20th February 20th March 20th April 20th May 20th
Spot market 100 103 105 108 110 108
Futures market 105 107 111 113 116 112
Answer selection group
On Feb. 20
On January 20,
520
420
320
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