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For hedging purposes, option contracts, forwards contracts and futures contracts can be used. (i) Briefly appraise one (1) pro and one (1) con for using

For hedging purposes, option contracts, forwards contracts and futures contracts can be used.

(i) Briefly appraise one (1) pro and one (1) con for using option contracts.

(ii) Briefly appraise one (1) pro and one (1) con for using forwards contracts.

(iii) Briefly appraise one (1) pro and one (1) con for using futures contracts.

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