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American Airlines wanted a hedge on filling up their planes with jet fuel. They initiated...

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Accounting

American Airlines wanted a hedge on filling up their planes with jet fuel. They initiated this hedge on 6/1/18. They lifted this hedge on 4/29/19. What were the most probable positions that they took?

They were a long hedger on 6/1/18 and took delivery of jet fuel to satisfy their futures contracts on 4/29/19.

They were a short hedger on 6/1/18 and went long a futures contracts on 4/29/19.

They were a short hedger on 6/1/18 and delivered jet fuel to satisfy their futures contracts on 4/29/19.

They were a long hedger on 6/1/18 and went short a futures contracts on 4/29/19.

They went short a heating oil futures contracts on 6/1/18 and went long these oil contracts on 4/29/20.

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