Optimal Hedge Ratio
Figure 7. Sensitivity of Optimal Hedge Ratios in Response to Intertemporal Substitutability
0.32
0.31
0.3
0.29
0.28
0.27
0.26
0.25
-4.2
-3.2
-2.2
-1.2
-0.2
0.8
-5.2
42
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