The following question is based on these facts: The second transaction relates to a futures contract from March 1 of last year used to hedge the risk of change in the value of our inventory. As of the end of December, we had an unrealized gain of $12,000 on the futures contract and a $12,050 unrealized loss due to a decrease in the fair value of the Inventory. Is this a (a) fair value hedge, (2) cash flow hedge, or a (3) hedge of net Investment in a foreign subsidiary? Multiple Choice fair value hedge cash flow hedge hedge of net investment in a foreign subsidiary none of the above