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ons 3 3.2. Explain what is meant by basis risk when futures contracts are used for hedging. 3.3. Explain what is meant by a perfect

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ons 3 3.2. Explain what is meant by basis risk when futures contracts are used for hedging. 3.3. Explain what is meant by a perfect hedge. Does a perfect hedge always lead to a better outcome than an imperfect hedge? Explain your

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