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A bank holds 3750 shares currently valued at $15. It takes a long position on 3750 put options with a strike price of $16. The

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A bank holds 3750 shares currently valued at $15. It takes a long position on 3750 put options with a strike price of $16. The bank is not facing: Select one or more: a. a hedge exposure b. a derivative exposure c. none d. a directional exposure e. all

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