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     EduGorilla 
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    Consider the statements regarding Participatory Notes(PNs):
    1. It is a derivative instrument issued in foreign jurisdiction.
    2. It can be issued by an FII without registering themselves with SEBI.
    3. It can be used as a hedging tool by an FII.
    Select the correct code:

    Options :-

    1. 1 only
    2. 1 and 2
    3. 1 and 3
    4. 1, 2 and 3
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