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Question
The duration of an interest rate futures contract is equal to the summation of which of the following?I. duration of the instrument most likely to be used as a cross-hedge
II. duration of the underlying instrument
III. initial length of time of the futures contract
IV. time remaining on the futures contract
A. II only
B. I and II only
C. I and III only
D. II and III only
E. II and IV only
Answer
This answer is hidden. It contains 16 characters.
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