Explain why speculation in futures trading is analogous to selling insurance contracts. Does this imply that speculation
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For futures markets to work both hedgers and speculators are usually needed and both play a crucial ...View the full answer
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Related Book For 
An Introduction to Derivative Securities Financial Markets and Risk Management
ISBN: 978-0393913071
1st edition
Authors: Robert A. Jarrow, Arkadev Chatterjee
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