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Metallgesellschaft's retail contracts were

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Metallgesellschaft's retail contracts were

A.

unhedged

B.

hedged using exchange-traded futures with longer maturities than the retail contracts

C.

hedged using exchange-traded futures with shorter maturities than the retail contracts

D.

fully hedged using exchange-traded futures of the same maturities as the retail contracts

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TESTED 02 Nov 2025