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QUESTION 4 Explain and appraise currency futures and options ( derivative tools) used to manage financial risk. QUESTION 9 Why is hedging needed? Are there

QUESTION 4

Explain and appraise currency futures and options (derivative tools) used to manage financial risk.

QUESTION 9

Why is hedging needed? Are there any downside to hedging?

QUESTION 10

What is the major difference in the obligation of one with a long position in a futures (or forward) contract in comparison to an options contract?

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