Answer:
The false statement is:
when a CBOE call option on IBM is exercised, IBM issues more stock.
Explanation:
CBOE = Chicago Board Options Exchange. CBOE pioneered the options trading in 1973. It has remained the largest U.S. options market operator. It supports options trading on thousands of publicly listed stocks and exchange-traded products. Exercising a call option on the exchange platform does not affect the outstanding IBM stock and will never force IBM Corporation to issue more stock.
