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Suppose you buy a share in WLtd for $50. You then also hedge the position by selling the futures contract at $53. What is your

Suppose you buy a share in WLtd for $50. You then also hedge the position by selling the futures contract at $53. What is your profit at expiration if the stock price goes to $49?

$3

impossible to determine

$4

-$1

-$4

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