Which of the Following Statements Concerning Long-Term Equity AnticiPation Securities

question 56

Multiple Choice

Which of the following statements concerning Long-term Equity AnticiPation Securities (LEAPS) is correct?

• A) LEAPS are traded solely in the over-the-counter market.
• B) LEAPS are options that are available only on individual common stocks.
• C) LEAPS typically have a higher quoted price than that of a regular option.
• D) LEAPS generally have a longer life than a warrant.

---

Definitions:

External Force

Factors outside an organization that can affect its operation, such as economic conditions, social trends, and government regulations.

Neuroticism

A personality trait characterized by emotional instability, anxiety, moodiness, worry, and fear.

Secure

Pertaining to measures taken to protect information, systems, and resources from unauthorized access, harm, or misuse.

Competencies

The skills, knowledge, and abilities that enable an individual to perform a job successfully.