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Interpret the following comments made by Wall Street portfolio managers. a . The existence of financial futures contracts allows our firm to hedge against temporary
Interpret the following comments made by Wall Street portfolio managers.
a "The existence of financial futures contracts allows our firm to hedge against temporary market
declines without liquidating our portfolios."
b "Given my confidence in the market, I plan to use stock index futures to increase my exposure to
market movements."
c "Our firm took a hit because we wrote put options just before the stock market crash."
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