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Derivative instruments exist because a. They have lower investment costs. b. All of the above c. They help shift risk from risk-averse investors to risk-takers.

Derivative instruments exist because

a.

They have lower investment costs.
b.

All of the above
c.

They help shift risk from risk-averse investors to risk-takers.
d.

They help in forming prices.
e.

Choices a and b

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