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12. Which of the following is NOT correct regarding derivative securities? a. Derivatives can be used for speculation and hedging b. The use of leverage
12. Which of the following is NOT correct regarding derivative securities?
a. Derivatives can be used for speculation and hedging
b. The use of leverage is both an advantage and a disadvantage of derivatives
c. The value of a derivative is tied to the value of an underlying security or asset
d. Most types of derivatives are suitable investments for unsophisticated investors
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