An airline expects to purchase 2 million gallons of jet fuel in 1 month and decides…

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An airline expects to purchase 2 million gallons of jet fuel in 1 month and decides…

An airline expects to purchase 2 million gallons of jet fuel in 1 month and decides to use heating oil futures for hedging. The standard deviation of the change in the jet fuel price per gallon. The standard deviation of the change in the futures price of heating oil per gallon. Their correlation coefficient. Each heating oil contract traded by the CME Group is on 42,000 gallons of heating oil. How many contracts should the company buy or sell? Round to the nearest whole number.

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Reference no: EM132069492

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