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The basis of a futures contract strengthens unexpectedly. Which one of the following statements is true? (a) A short hedger's position improves. (b) A short

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The basis of a futures contract strengthens unexpectedly. Which one of the following statements is true? (a) A short hedger's position improves. (b) A short hedger's position worsens. (C) A short hedger's position sometimes worsens and sometimes improves. (d) A short hedger's position stays the same

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