Jill has inherited several thousand dollars and is thinking of investing in Land's End, the retail catalog company. If Jill purchases 100 shares of Land's End common stock, will her shares of stock be considered a type of money market or capital market security? Explain.
Assume that Jill has made her Land's End investment but she is concerned that the value of her shares could drop. In what way could the Chicago Board Options Exchange help Jill manage her price risk?