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Under what circumstance is a cross hedge NOT appropriate? An international company wants to exchange US dollars into Japanese Yen in the future. A restaurant

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Under what circumstance is a cross hedge NOT appropriate? An international company wants to exchange US dollars into Japanese Yen in the future. A restaurant chain owner who wants to hedge beef price risk. A fund manger holds a portfolio with 10 small-cap stocks and wants to hedge market risk. An airline company wants to hedge jet fuel price movement

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