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The basis is defined as spot minus futures prices. A short hedger, who is long on spot and short on futures, sees that the basis

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The basis is defined as spot minus futures prices. A short hedger, who is long on spot and short on futures, sees that the basis increases unexpectedly. Which of the following is TRUE? Choose the best answer: O The hedge is still perfect. The hedger's position worsens. The hedger may receive a margin call. The hedger's position improves

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