Which of the following is not a derivative?

Question

Quizplus · Accepted Answer

A share of nonconvertible preferred stock is not a derivative. It is a type of security that represents ownership in a company and does not derive its value from an underlying asset or contract. The other options listed (forward foreign exchange contract, swap contract, forward commodity contract, Eurodollar future) are all types of derivatives, which are financial instruments that derive their value from an underlying asset or contract.

Which of the Following Is Not a Derivative