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Basic Question 1 of 5
In the commodity swap market, a dealer may hedge its price risk exposure by ______.
II. entering a swap with another party
III. purchasing a commodity contract
I. hedging in the futures market
II. entering a swap with another party
III. purchasing a commodity contract
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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
explain the notion that to affect market values, economic factors must affect one or more of the following: (1) default-free interest rates across maturities, (2) the timing and/or magnitude of expected cash flows, and (3) risk premiums;
explain the role of expectations and changes in expectations in market valuation;
CFA® 2025 Level II Curriculum, Volume 6, Module 33.