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1. An investor with a bond portfolio wishes to protect the value of his position by using futures contracts. This investor should use a
long hedge
short hedge
time spread
money spread
2. Of the following statements about futures trading, which one is INCORRECT?
There are no specialists on futures exchanges
All futures contracts are eligible for margin trading
Trading is halted for the day if the prices reach the daily limit
The uptick rule applies to the shorting of futures contracts
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