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Long-Term Equity Anticipations (LEAPS) Represent

Question 21

Multiple Choice

Long-term equity anticipations (LEAPS) represent


A) stocks that have a maturity date.
B) stocks that are converted to bonds once the price reaches a specified level.
C) stock options with longer terms to expiration than the more traditional stock options.
D) stock index futures that can have a more distant settlement date than the more typical stock options.

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