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Which of the followings is an example of hedging, and which one is an example of speculation? O a. Uncle Toby's packages and sells oats;

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Which of the followings is an example of hedging, and which one is an example of speculation? O a. Uncle Toby's packages and sells oats; they buy a forward contract on oats. O b. An oat farmer buys a put option on oats. O c. An oat farmer sells a forward contract on oats. O d. All of the above are examples of hedging. e. All of the above are examples of speculation

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