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Basic Question 2 of 5
If an investor desires commodity exposure, he will most likely enter into a ______ swap.
B. total return
C. basis
A. excess return
B. total return
C. basis
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Martin Rockenfeldt
Learning Outcome Statements
explain the notion that to affect market values, economic factors must affect one or more of the following: (1) default-free interest rates across maturities, (2) the timing and/or magnitude of expected cash flows, and (3) risk premiums;
explain the role of expectations and changes in expectations in market valuation;
CFA® 2026 Level II Curriculum, Volume 6, Module 33.