Which of the following is not true regarding derivatives?
A) A derivative is a financial instrument whose value is based upon another financial instrument, stock index or interest rate, or interest rate index.
B) Derivatives can be classified into two general types: forward-based and option-based derivatives.
C) Unrealized holding gains and losses on derivatives are not recognized.
D) SFAS No. 133 values derivatives at fair value.
Correct Answer:
Verified
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