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hat the price of goat cheese 14. You are a major producer of goat cheese. Concerned t might plummet, you consider some kind of hedging

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hat the price of goat cheese 14. You are a major producer of goat cheese. Concerned t might plummet, you consider some kind of hedging strategy. Unfortunately, you dis- cover that no exchange-traded futures are available for goat cheese. A business associ- ate suggests a cross-hedge with orange juice futures. Specifically, your business associate suggests a short hedge using orange juice futures. a. Before you commit to this hedging strategy, what other kinds of information would you like to know? Why is it likely that this hedge will not turn out to be a perfect hedge? b

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