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Basic Question 1 of 3
Which derivatives do NOT start off with values of zero?
II. Futures
III. Swaps
IV. Options
I. Forwards
II. Futures
III. Swaps
IV. Options
User Contributed Comments 2
| User | Comment |
|---|---|
| khalifa92 | option premium |
| Drangel01 | Thank you |
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
describe the carry forward model without underlying cashflows and with underlying cashflows;
CFA® 2026 Level II Curriculum, Volume 5, Module 31.