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Which of the following best describes stack and roll? A. Creates long-term hedges from short term futures contracts B. Can avoid losses on futures contracts
Which of the following best describes stack and roll?
A. Creates long-term hedges from short term futures contracts
B. Can avoid losses on futures contracts by entering into further futures contracts
C. Involves buying a futures contract with one maturity and selling a futures contract with a different maturity
D. Involves two different exposures simultaneously
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