Jnder what circumstances are (a) a short hedge and (b) a long hedge appropriate? a. Short hedge is appropriate when a company owns an asset, long hedge is appropriate when the company will purchase an asset in the future b. Short hedge is appropriate when a company has short position in the asset, long hedge is appropriate when the company owns the asset c. Short hedge is appropriate when a company has short position in an asset now, long hedge is appropriate when the company will purchase an asset in the future d. Short hedge is appropriate when a company owns an asset, long hedge is appropriate when the company will sell an asset in the future The expected return on the S\&P 500 is 12% and the risk-free rate is 5%. What is the expected return on the investment with a beta of (a) .2, (b) 0.5, and (c) 1.4? a. 7.1%,7.9%,15.2% b. 5.7%,9.4%,16.3% c. 6.4%,8.5%,14.8% d. 7.9%,10.5%,17%