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Question 1 (a) Explain the THREE (3) advantages of options over forwards and futures. (12 marks) (b) As a financial consultant, recommend to your

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Question 1 (a) Explain the THREE (3) advantages of options over forwards and futures. (12 marks) (b) As a financial consultant, recommend to your corporate customer of internal hedging strategies through leading and lagging. Prove your recommendation with example. (13 marks)

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