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Is the following transformation representative of a physical change or a chemical change?
Stock Index Futures
Futures contracts where the underlying asset is a stock index, allowing investors to speculate on the future value of the index.
Transactions Costs
Expenses incurred when buying or selling securities, which can include brokerage fees, commissions, and other charges.
Leverage
Utilizing borrowed funds to amplify the possible returns on an investment.
Portfolio's Beta
A measure of the overall volatility or risk of an investment portfolio in comparison to the market as a whole.
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