$2-10$: Explain whether the following statements are true or false. a$.$ Derivative transactions are designed to increase risk and are used almost exclusively by speculators who are looking to capture high returns. b$.$ Hedge funds typically have large minimum investments and are marketed to institutions and individuals with high net worths. c$.$ Hedge funds have traditionally been highly regulated. d$.$ The NYSE is an example of a stock exchange that has a physical location. e$.$ A larger bid$-$ask spread means that the dealer will realize a lower profit.