All of the Following Are Characteristics of LEAPS Except

Multiple Choice

All of the following are characteristics of LEAPS except:

A) LEAPS have up to two years to expiration.
B) LEAPS have generally been limited to blue-chip stocks, such as Coca-Cola, Dow Chemical, General Electric, IBM, and others.
C) LEAPS have the same characteristics as the short-term options, in general.
D) LEAPS generally have lower premiums because of their length.