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k wants a long hedge for horizon of seven months from today. the longest futures contracts available are for three months. the spot price today

k wants a long hedge for horizon of seven months from today. the longest futures contracts available are for three months. the spot price today is Rs.445. The three-month future is going at Rs. 461. Give a chronological sequence of a hedge for seven months taking three hypothetical prices of each as at the end of three months, six months and seven months

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