Long Short 12 Question 7 (3 points) Please indicate which position should be taken, long or short, in the following situation. A US company will pay 10 million for imports from Britain in 3 months and decides to hedge using British pound forward contracts. Long Short Question 8 (3 points) Please indicate which position should be taken long or short in the following situation A speculator feels that gold price is going down in next few months We Long Short Question 9 (9 points) The basis in a hedging situation the difference between po price and fiture prices. Doesia she hedge position improve or worsen when this