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Please read the question in the pictures. 2. To which of the four basic financial operations (investment, speculation, arbitrage and hedging) refers the strategies known

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Please read the question in the pictures.

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2. To which of the four basic financial operations (investment, speculation, arbitrage and hedging) refers the strategies known as 3 strategy. Please briefly describe this basic financial operations. 3. Please describe how a short sale can be used for hedging purposes. 4. What does arbitrage refers to? 5. Please briefly describe a hedging operation. 6. Please briefly describe how dual listing of equities can open a window for arbitrage purposes

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