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.
Answer: C
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All of the following are true of the liability coverage in a Businessowners policy, EXCEPT:
a. Coverage is provided for products and operations liability. b. Coverage is provided for both bodily injury and property damage from business operations and premises. c. Coverage comes with a series of separate aggregate limits. d. Coverage is provided on a "claims-made" basis.
An opportunity cost table is developed by first subtracting the minimum value in each row from all other row values and then repeating this process for each column
Indicate whether this statement is true or false.