ACI
3I0-012 · Question #445
3I0-012 Question #445: Real Exam Question with Answer & Explanation
The correct answer is A. A purchase of a cap and a sale of a floor. See the full explanation below for the reasoning.
Question
A long collar is:
Options
- AA purchase of a cap and a sale of a floor
- BA purchase of a floor and a sale of a cap
- CA purchase of a cap and a purchase of a floor
- DA sale of a cap and a sale of a floor
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