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Options - are contracts that give the holder the right, not the obligation, to buy or sell the underlining asset at a specific price and

Options - are contracts that give the holder the right, not the obligation, to buy or sell the underlining asset at a specific price and time. How are options used to protect holdings of corporations investments? Also, how are they used for investors in corporations? Provide a real example example along with an advantage and disadvantage and your opinion of options as they pertain to an MNC.

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