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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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Learning Outcome Statements
compare the use of derivatives among issuers and investors
CFA® 2025 Level I Curriculum, Volume 5, Module 3.