According to the Wharton/CIBC Survey of 1998 on Hedging,only When

Multiple Choice

According to the Wharton/CIBC Survey of 1998 on hedging,only when a firm is sufficiently large to overcome the fixed costs of hedging does the firm

A) create an international division responsible for hedging.
B) institute tax shelters using hedging devices.
C) institute a hedging policy.
D) hold only the cash manager responsible for hedging.