The Writer (Seller)of a Regular Exchange-Listed Call-Option on a Stock

question 66

Multiple Choice

The writer (seller) of a regular exchange-listed call-option on a stock

• A)has the right to buy 100 shares of the underlying stock at the exercise price.
• B)has the right to sell 100 shares of the underlying stock at the exercise price.
• C)has the obligation to buy 100 shares of the underlying stock at the exercise price.
• D)has the obligation to sell 100 shares of the underlying stock at the exercise price.

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Definitions:

Charitable

Relating to or aimed at helping others through donations or volunteer work without the expectation of financial gain.

Intestate

The state of having died without a valid will.

Valid Will

A legal document expressing an individual's wishes regarding the distribution of their property after death, prepared according to legal formalities.

Estate Execution

The process of managing and distributing a deceased person's property under the guidance of an executor as designated in the will.