Now that you know what a security isn’t, you know what a security is. Ok, sure. Of course, the exam isn’t going to let you get away with that kind of free-and-easy confidence. (This isn’t the 60s). It’s going to try to conjure up a few little nasty Jedi mind tricks here and there to trip you up. Think about this for a moment: Is an option on a commodity futures contract or a single stock futures contract a security? Back to that in a momento.
Now here, fresh from the pages of the USA, ...
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