Jeff Goldblum Has Just Purchased a Security Which Has No

Multiple Choice

Jeff Goldblum has just purchased a security which has no maturity date and no promised payments. He can recoup his investment by either selling the security to another individual or to the issuer, if the issuer ever makes an offer to buy it. What type of security did Jeff purchase?

A) Stock option
B) Corporate bond
C) Government bond
D) Preferred stock
E) Common stock