14.

Choose a correct answer:

Choose one:

a.

Longer-term optionshave expiration dates more than 4 years into the future.

b.

Most of the options that are traded on exchanges are non-American.

c.

An option is often exercised when it is at the money.

d.

European options can be exercised at any time up to the expiration date

e.

Unlike IBM, Microsoft calls andputs belong to the same class.