Question: 53'. 53'! ((1) One difference between a hedger and a speculator is that the hedger may have either a profit or a loss. may not

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53'.\" 53'!\" ((1) One difference between a hedger and a speculator is that the hedger may have either a profit or a loss. may not close out his position by taking an opposite position. does not have to put up margin. faces a risk without the futures contract

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