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(c) Speculation in any financial assets is just like betting. Speculators are risking money on an investment that has an uncertain outcome and heavily involves

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(c) Speculation in any financial assets is just like betting. Speculators are risking money on an investment that has an uncertain outcome and heavily involves chances. Since speculation looks like a pure gambling, speculators should not be allowed to trade on any exchanges. To what extent the statement is correct? Discuss. (10 marks) [Total = 50 marks)

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