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_________ take positions in financial futures to reduce their exposure to future movements in interest rates or stock prices; ________ commonly take the opposite position and thus serve as counterparties on many transactions.

a. Arbitrageurs; speculators

b. Hedgers; speculators

c. Speculators; hedgers

d. Hedgers; arbitrageurs

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91377927

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