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1. Explain the following terms as concisely as possible with your own definition, example, and graph. Also, for each term, discuss real-world applications with respect

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1. Explain the following terms as concisely as possible with your own definition, example, and graph. Also, for each term, discuss real-world applications with respect to its importance, purpose, motivation, ete, if you found any. a. Speculation b. Hedging c. Arbitrage d. Risk (in Finance)

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