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JPMorgan is a good example of derivative mismanagement. Please note the discussion of recent examples of mismanagement of derivatives on pages 904 to 907 of

JPMorgan is a good example of derivative mismanagement. Please note the discussion of recent examples of mismanagement of derivatives on pages 904 to 907 of the textbook. Class, Futures contracts can be used for both speculation and hedging. What is the distinction?

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