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 0    2 flashcards    michallekawa
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Derivative
bắt đầu học
Derivatives are financial contracts, set between two or more parties, that derive their value from an underlying asset, group of assets, or benchmark.
Prices for derivatives derive from fluctuations in the underlying asset.
Types of securities:
bắt đầu học
1. Equity securities, e.g. stocks (shares). 2. Debt Securities. 3. Derivatives. 4. Hybrid Securities*.
*convertible bonds; preferred shares.

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