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Help All changes saved in Drive - 11 - BIVA - E 15 E. E. E Company owns a ski resort in Colorado and it

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Help All changes saved in Drive - 11 - BIVA - E 15 E. E. E Company owns a ski resort in Colorado and it is subject to snowfall risk. Joe analyzed the impact of hedging this risk using a short forward position on snow fall in the coming year. An analyst analyzed the impact on the firm's cash flows under alternative hedging sizes. The results are listed in the table below. # of contracts 10 20 20 30 Mean Cash Flow 105 110 115 100 35 idev of Cash Flow 0.07 0.05 Prob that Cash Flow

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