Chartered Financial Analyst Level 1
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An investor makes the following statements:
Statement 1 "Swaps are contingent claims." Statement 2 "Swaps are characterized by a series of cash flows."
Which of the statements is correct?
An investor makes the following statements:
| Statement 1 | "Swaps are contingent claims." |
|---|---|
| Statement 2 | "Swaps are characterized by a series of cash flows." |
Which of the statements is correct?
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A
Statement 1 only
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