A. hedging
B. projection
C. forecasting
D. speculation
Correct Answer: Option D
D. speculation
Explanation
Speculation refers to the act of conducting a financial transaction that has substantial risk of losing value but also holds the expectation of a significant gain or other major value. it is a situation where players in the stock exchange buy or sell securities with the expectation that they mabe a fall or rise in the prices of the said securities in future.