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What is true about derivative securities? A. Derivatives are never used for speculative purposes B. The existence of derivatives prevent investors from looking for arbitrage

What is true about derivative securities?

A. Derivatives are never used for speculative purposes

B. The existence of derivatives prevent investors from looking for arbitrage opportunities

C. The value of derivatives only relies on the current spot price of the underlying asset

D. Derivative markets are often less efficient than the spot markets

E. Liquidity is often greater in the derivative markets than in the spot markets

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