25. Swats Swacina, a futures investor who has lost considerable sums in fu tures investments, said, Even

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25. Swats Swacina, a futures investor who has lost considerable sums in fu tures investments, said, "Even though I don't directly borrow to invest in futures, the performance ofmy investments acts as if I were highly leveraged." Is Swatscorrect?Why?

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Investments

ISBN: 9788120321014

6th Edition

Authors: William F. Sharpe, Gordon J. Alexander, Jeffery V. Bailey

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