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D - ( You want to hedge a large exposure in US Dollar (USD). Suppose both currency forwards and futures are available for USD. State

D - (You want to hedge a large exposure in US Dollar (USD). Suppose both currency forwards and futures are available for USD. State the circumstances under which you may want to use forwards instead of futures.)

E - (Explain some of the key types of risks and identify the appropriate derivative instrument to manage the risk.)

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