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A nurse is educating a nursing student on open source software. Which statement by the nurse is correct?
European-Style Option
An option contract that can only be exercised on its expiration date, not before.
Call Option
A financial contract that gives the buyer the right, but not the obligation, to buy an asset at a specified price (strike price) within a specific time period.
Strike Price
The fixed price at which the owner of an option can purchase (in the case of a call option) or sell (in the case of a put option) the underlying security or commodity.
Stock Price
The cost of purchasing a single share of a company, which fluctuates based on market conditions and investor sentiment.
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