Just took the first 60 question section of the 2015 Level III Mock Exam (which some may call the “morning” session, although it is all item sets). Question 18 seemed odd to me. Is strategy two really a cross hedge? Seems like a classic proxy hedge to me… Curious to see if you all thought the same thing, or perhaps could instruct me as to how I am viewing this incorrectly? (Found lots of hits on proxy vs cross hedge, but looking for perspectives as it relates to this question in particular.) Thought I had a teally good grasp on this, guess not.