Mildred is a trader at Turtle Funds based in the Cayman Island, where she can invest going long short Mildred is bullish about the upside for IRONX (a major Brazilian exporter of iron ore) shares based on attractive valuations versus competitors and strong projected earnings growth for the next three years resulting from a boom in iron ore prices Mark the only hedge that WOULD NOT work for Mildred's position a Buy out of the money protective puts for IRONX at a strike price below the current share price b Short the Australian Dollar (AUD), because Australia is a major exporter of iron ore c Short the stock of Vale , another Brazilian iron ore exporter, whose financial performance is expected to worsen due to excessive leverage d Go LONG iron ore futures in the Brazilian commodities exchange

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Question: Mildred is a trader at Turtle Funds based in the Cayman Island, where she can invest going long/short. Mildred is bullish about the upside for

Mildred is a trader at Turtle Funds based in the Cayman Island, where she can invest going long/short. Mildred is bullish about the upside for IRONX (a major Brazilian exporter of iron ore) shares based on attractive valuations versus competitors and strong projected earnings growth for the next three years resulting from a boom in iron ore prices. Mark the only hedge that WOULD NOT work for Mildred's position.

	a.	Buy out of the money protective puts for IRONX at a strike price below the current share price
	b.	Short the Australian Dollar (AUD), because Australia is a major exporter of iron ore
	c.	Short the stock of Vale, another Brazilian iron ore exporter, whose financial performance is expected to worsen due to excessive leverage
	d.	Go LONG iron ore futures in the Brazilian commodities exchange

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