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Explain 1 What are the determinants of an option's value (price)? How and why does each determinant influence the option's value? 2 Describe the evolution

Explain
1 What are the determinants of an option's value (price)?
How and why does each determinant influence the option's value?
2 Describe the evolution of futures markets.
Who are the hedgers and speculators that frequent these markets?
Why are they attracted to these contracts?

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