Which of the Following Statements Concerning Long-Term Equity AnticiPation Securities

Multiple Choice

Which of the following statements concerning Long-term Equity AnticiPation Securities (LEAPS) is correct?

A) LEAPS are traded solely in the over-the-counter market.
B) LEAPS are options that are available only on individual common stocks.
C) LEAPS typically have a higher quoted price than that of a regular option.
D) LEAPS generally have a longer life than a warrant.