Question: A contingent claim is a derivative in which A . the outcome or payoff is independent of the outcome or payoff of an underlying asset.

A contingent claim is a derivative in which
A.
the outcome or payoff is independent of the outcome or payoff of an underlying asset.
B.
the outcome or payoff is dependent on the outcome or payoff of an underlying asset.
C.
both a and b
D.
None

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