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When cross-hedging, after computing a regression I obtain a hedge ratio of 1.822. What does it mean when the hedge ratio is larger than 1?
When cross-hedging, after computing a regression I obtain a hedge ratio of 1.822. What does it mean when the hedge ratio is larger than 1?
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Fundamentals Of Corporate Finance
Authors: Robert Parrino, David S. Kidwell, Thomas W. Bates
5th Edition
1119795435, 978-1119795438
