pers estion 7 Suppose the spot and futures prices of the underlying asset when hedge is initiated are $26.50 and 594.20 respectively, and when hedge is closed out are $25.00 and $24.95 respective Which one is true from the followings 1. Elective price paid - 32421 2. Basis risk when hedge is closed out $2.3 3. Both 1 & 2 - None of above