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    Exam 9: Using Derivatives to Manage Interest Rate Risk
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    When You Wish to Own the Underlying Security, Your Spot
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When You Wish to Own the Underlying Security, Your Spot

Question 18

Question 18

Multiple Choice

When you wish to own the underlying security, your spot position is _______.


A) fat.
B) long.
C) short.
D) skinny.
E) a.and c.

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