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Why do investors buy and sell derivatives rather than the

Why do investors buy and sell derivatives rather than the underlying assets?

What is the difference between hedging and speculating?

Please write a minimum of 450 words, APA 6th edition.

Add references and citations.

Book Reference: Hubbard, R. G., O'Brien, A. P. Money, Banking, and the Financial System. 2nd Edition. Boston MA.

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