Have to answer these questions for school about 2 h , can anyone help please 1) What derivatives do you know? How do they work and what for are they used? Are there any differences among various derivatives? What are they? Companies operating in what industries are more likely to use derivatives for hedging? 2) The client has a short position in Nickel at the Cash price (price of the last trading day). The last 3 months Nickel curve is backward sloping (that is the Cash future is more expensive than the 3 months contract). The difference between the cash and 3 months prices is 3 000 USD. The client rolls over his cash date position to the 3 months date. As a result of this transaction the client has which of the following: a) Profit of 3 000 USD per tone of Nickel b) Loss of 3 000 USD per tone of Nickel c) The money value of the client position remains the same because it is just the rollover of the existing position d) The client gets profit of 3 000 USD today but is obliged to pay it back at the maturity date Explain Your choice and show the calculations: â¦â¦â¦â¦â¦â¦â¦â¦â¦â¦. THANK YOU!