How do hedgers speculators and arbitrageurs differ in terms, Financial Management

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How do hedgers speculators and arbitrageurs differ in terms

1. How do hedgers, speculators and arbitrageurs differ in terms of the risks that they take?

2. Why have futures and options contracts been so successful?

3. How is the basis affected if the asset being hedged differs from the asset underlying the futures contract?

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Financial Management: How do hedgers speculators and arbitrageurs differ in terms

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