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An offsetting trade is used to: A. partially hedge the interest rate risk of a bond position. B. convert the exposure to one category of

An offsetting trade is used to:

A.

partially hedge the interest rate risk of a bond position.

B.

convert the exposure to one category of assets to another.

C.

fully hedge a risk arising in the normal course of business activity.

D.

close out a futures position prior to expiration.

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