SIE Exam Practice Question 592
Question: 592
The standard expiration period for a put or call option is __________. Long-term equity anticipation securities (LEAPS) have an expiration period __________.
Correct Answer: D
Explanation:
The standard expiration period for a put or call option is 9 months. Long-term equity anticipation securities (LEAPS) have an expiration period longer than 1 year.
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