Question: a) Why should a financial decision maker such as a corporate treasurer or CFO be concerned with market efficiency? (10 marks) b) Explain how a

a) Why should a financial decision maker such as a corporate treasurer or CFO be concerned with market efficiency? (10 marks) b) Explain how a manufacturer who has an ongoing need for silver as raw material in the production of photographic film might use futures to hedge. What would the manufacturer hope to gain? (10 marks)

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