What is a derivative and how do you define it? What distinct characteristics make it...
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What is a derivative and how do you define it? What distinct characteristics make it a derivative, and what are some examples? How is that different than a financial instrument? - What are the differences in the common types of derivatives I discussed and their characteristics (see examples, discussion, and PP descriptions). For example, could you state what the difference between a future and a forward is? Key risks?
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