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In order to provide a Portfolio Insurance to hedge against a significant decrease in S&P index, which of the following positions and derivatives should be

In order to provide a Portfolio Insurance to hedge against a significant decrease in S&P index, which of the following positions and derivatives should be consider?

(A) Long position in Futures on S&P index

(B) Short position in Put Options on S&P index

(C) Long position in Put Options on S&P index

(D) Long position in Call Options on S&P index

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