Question: 31. What is the difference between hedging and speculating? What is the difference between futures, forwards, options, and swaps? 32. What are the common underlying

 31. What is the difference between hedging and speculating? What isthe difference between futures, forwards, options, and swaps? 32. What are the

31. What is the difference between hedging and speculating? What is the difference between futures, forwards, options, and swaps? 32. What are the common underlying assets for each of the four derivatives listed above? Provide an example for each derivative. Why would an investor use each of these derivatives? 32. What are the common underlying assets for each of the four derivatives listed above? Provide an example for each derivative. Why would an investor use each of these derivatives

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