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

Options - are contracts that give the holder the right, not obligation to buy or sell the underlining asset at a specific price and time.These can be used as hedging strategies and speculation. How and why are options used to protect holdings of corporations? Also for Investors? Provide an example along with an advantage and disadvantage along with your opinion on them.

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