1. A derivative is best described as a financial instrument that derives its performance by: A. passing...

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1. A derivative is best described as a financial instrument that derives its performance by:

A. passing through the returns of the underlying.

B. replicating the performance of the underlying.

C. transforming the performance of the underlying.

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Derivatives

ISBN: 9781119850571

1st Edition

Authors: CFA Institute

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