If You Want the Right, but Not the Obligation, to Buy

question 11

Multiple Choice

If you want the right, but not the obligation, to buy a stock at a specified price you should:

• A)buy a call.
• B)sell a call.
• C)buy a put.
• D)sell a put.
• E)either sell a call or buy a put.

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Definitions:

Psychological Test

A standardized measure of a sample of a person's behavior that is used to assess and understand individual differences or mental health status.

Valid

A term indicating that something is logically sound, effective, or has a strong foundation in fact or logic.

WAIS-IV

The Wechsler Adult Intelligence Scale-Fourth Edition, a test designed to measure human intelligence through various verbal and performance indicators.

WPPSI-III

The third edition of the Wechsler Preschool and Primary Scale of Intelligence, a psychological assessment for children.