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With which statement would stage theorists NOT agree?
LEAPS
Long-Term Equity Anticipation Securities, which are options contracts with expiration dates longer than one year, offering longer-term investment strategies.
Initial Maturities
The original duration until the expiration or due date of a financial instrument, such as a bond or loan, when first issued.
Exchange-Traded Options
Financial derivatives that give the holder the right, but not the obligation, to buy or sell a specific amount of a security at a set price on or before a certain date.
Call Contract
An options contract that gives the holder the right to buy an underlying asset at a specified price within a certain time frame.
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