CFA课后习题 衍生.pdfVIP

PRACTICE PROBLEMS 1 A derivative is best described as a financial instrument that derives its perfor- mance by: A passing through the returns of the underlying. B replicating the performance of the underlying. C transforming the performance of the underlying. 2 Derivatives are similar to insurance in that both: A have an indefinite life span. B allow for the transfer of risk from one party to another. C allow for the transformation of the underlying risk itself. 3 A beneficial opportunity created by the derivatives market is the abili