Question: One difference between a hedger and a speculator is that the hedger a. may have either a profit or a loss. b. may not close

One difference between a hedger and a speculator is that the hedger

a. may have either a profit or a loss.

b. may not close out his position by taking an opposite position.

c. does not have to put up margin.

d. faces a risk without the futures contract

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