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Which of the following most resembles having insurance, in terms of the main purpose for a hedger: Buying (being long) an option Buying (being long)

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Which of the following most resembles having insurance, in terms of the main purpose for a hedger: Buying (being long) an option Buying (being long) a futures contract Buying (being long) a forward contract Selling (being short) an option Selling (being short) a futures contract None of the listed even remotely resembles insurance in any way Selling (being short) a forward contract

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