Task: Property Constraint Reasoning (ontology: Business_Finance/Financial_Industry_Business_Ontology)

The property 'has traded security' applies to instances of 'depositary receipt', and 'participatory note' is a subclass of 'depositary receipt'. Which class can appear as the value of 'has traded security' for instances of 'participatory note'?

A. Hong Kong depositary receipt
B. Luxembourg depositary receipt
C. security
D. American depositary receipt level

Answer: security