Hedging tool or for speculative purposes

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For each of the following situations, explain whether the individual is most likely using futures as a hedging tool or for speculative purposes a) A steel worker purchases orange juice futures b) A gasoline refinery purchases oil futures. c) The CEO of an orange juice company purchases oil futures. d) A teacher purchases gold futures. e)An orange juice producer sells orange juice futures.

Reference no: EM133001149

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