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Basic Question 1 of 3

Which derivatives do NOT start off with values of zero?

I. Forwards
II. Futures
III. Swaps
IV. Options

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Your review questions and global ranking system were so helpful.
Lina

Lina

Learning Outcome Statements

describe the carry forward model without underlying cashflows and with underlying cashflows;

CFA® 2025 Level II Curriculum, Volume 5, Module 31.