A Fundamental Definition of Option Is "The Right, but Not

question 46

Multiple Choice

A fundamental definition of option is "the right, but not the ________, to buy (call option) or sell (put option) an investment holding at a predetermined price (called the exercise price or strike price) at some particular date in the future." [Latimore, D. (2002) p. 2]

• A) access
• B) authority
• C) obligation
• D) strategy

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