Question: #1. What is the difference between a long forward position and a short forward position? #2. Explain carefully the difference between hedging, speculation, and arbitrage.

 #1. What is the difference between a long forward position and

#1. What is the difference between a long forward position and a short forward position? #2. Explain carefully the difference between hedging, speculation, and arbitrage. #3. Explain carefully the difference between selling a call option and buying a put option

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