Which of the following correctly expresses the profit on a hedge?
a. the basis when the hedge is closed
b. the change in the basis
c. the spot profit minus the futures profit
d. the futures profit minus the spot profit
e. none of the above
Answer: B
If the answers is incorrect or not given, you can answer the above question in the comment box. If the answers is incorrect or not given, you can answer the above question in the comment box.