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Q. 2: What is meant by Derivatives, what is the main purpose of Derivatives, describe the common types of Derivatives? Explain how would you hedge

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Q. 2: What is meant by Derivatives, what is the main purpose of Derivatives, describe the common types of Derivatives? Explain how would you hedge your deal of 500 Gallons of Crude Oil for $100 per Gallon in February 28th 2021. (10 Marks)

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