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The treasurer has one final request before he presents his currency risk
reduction plan to the board of directors next week. He would like you
to construct information document detailing the various concepts with
examples because these are not clearly understood by several members of
the upper-level management. How will you explain the following concepts?
1. put-call parity
2. in the money, out of the money, at the money
3. options on futures
implied volatility
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