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Southern Fuel has an inventory of 756.000 gallons of heating oil. The futures contracts on heating oil are based on 42,000 gallons. If the firm

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Southern Fuel has an inventory of 756.000 gallons of heating oil. The futures contracts on heating oil are based on 42,000 gallons. If the firm wishes to fully hedge its inventory, it should take which one of the following positions in heating oil futures contracts Select one a short on 20 b. short on 19 c. long on 16 d. long on 17 e. short on 18

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