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Derivatives

Q1. Explain the classification of  Future traders by trading style?                         Q2. Suppose there is a commodity in which the expected future spot price is $60.To induce investors to buy futures contracts, a risk premium of $4 is required. To store the commodity for the life of the futures contract would cost $5.50.         Find the future s price?                                                                               Q3.  Explain the difference between a short hedge and a long hedge.      Q4.  Briefly explain Interest rate swap and currency swap .                               

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