Q620
Long-term equity anticipation security is usually classified as
A.
short-term options
B.
long-term options
AnswerC.
short money options
D.
yearly call
Answer: Option B
Solution
Answer: Option B
Solution:
Long-term equity anticipation security is usually classified as long-term options. Long-term equity anticipation securities (LEAPS) are publicly traded options contracts with expiration dates that are longer than one year.