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

question 40

Multiple Choice

The writer (seller) of a regular exchange-listed put-option on the 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:

Slave Revolts

Uprisings and rebellions carried out by enslaved people against their conditions and overseers, aiming for freedom or retaliation against oppression.

West Indies

A region in the Caribbean Sea consisting of many islands divided into three main island groups: the Bahamas, the Greater Antilles, and the Lesser Antilles.

Brazil

The largest country in South America, known for its diverse culture, rainforests, and as the host of the world-famous Carnival festival.

Urban Free Blacks

Refers to African Americans who were not enslaved and lived in urban areas during the 17th, 18th, and 19th centuries.