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Basic Question 7 of 9
Which is NOT a typical use of derivatives for an investor?
B. Replicate a cash market strategy.
C. Hedge a fund's value against adverse movements in underlyings.
A. Modify portfolio exposures without transacting in the cash market.
B. Replicate a cash market strategy.
C. Hedge a fund's value against adverse movements in underlyings.
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I am using your study notes and I know of at least 5 other friends of mine who used it and passed the exam last Dec. Keep up your great work!
Barnes
Learning Outcome Statements
compare the use of derivatives among issuers and investors
CFA® 2025 Level I Curriculum, Volume 5, Module 3.