Session 17: Derivatives
Reading 71: Option Markets and Contracts
LOS d: Differentiate between exchange-traded options and over-the-counter options.
Exchange-traded stock options are all of the following EXCEPT:
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A) |
backed by the options clearinghouse. | |
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B) |
subject to counterparty risk. | |
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C) |
typically for 100 shares of stock. | |
Exchange-traded options are backed by the clearinghouse and not subject to counterparty risk; over-the-counter options are subject to counterparty risk. | 
发表于 2011-3-31 12:09
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