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Which of the following is a general criterion for a hedging instrument? It mustcontain one or more underlyings. It mustcontain a nonperformance clause that makes

Which of the following is a general criterion for a hedging instrument?

It mustcontain one or more underlyings.

It mustcontain a nonperformance clause that makes performance probable.

Sufficient documentation must be provided at the beginning of the process.

It mustbe "highly effective" only in the first year of the hedges life.

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