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The standard deviation of monthly changes in the prices of a commodity is $1.9, the standard deviation of monthly changes in a futures price on

The standard deviation of monthly changes in the prices of a commodity is $1.9, the standard deviation of monthly changes in a futures price on the commodity is $5.9, and the coefficient of correlation between the two changes is 0.7. What is the optimal hedge ratio (in percent; do not include the percent sign in your answer) for a one-month contract?

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