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Assuming investors are risk averse, on average: Select one: a. Speculators make profits from futures...

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Question

Accounting

Assuming investors are risk averse, on average:

Select one:

a.

Speculators make profits from futures

b.

Hedgers make profits from futures

c.

Speculators make losses from futures

d.

Neither hedgers nor speculators make losses from futures

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