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What are the reason which cause investors managing their portfolios passively to make changes their portfolios? 2. A corporate treasurer is designing a hedging program

What are the reason which cause investors managing their portfolios passively to make changes their portfolios?

2. A corporate treasurer is designing a hedging program involving foreign currency options. What are the pros and cons of using (a) the Philadelphia Stock Exchange and (b) the over-the-counter market for trading?

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