The Buyer of a European Call Option Has The

question 70

Multiple Choice

The buyer of a European call option has the:

• A)right but not the obligation to buy a stock at a specified price during a specified period of time.
• B)right but not the obligation to buy a stock at a specified price on a specified date.
• C)obligation to buy a stock on a specified date but only at the specified price.
• D)obligation to buy a stock sometime during a specified period of time at the specified price.
• E)obligation to buy a stock at the lower of the exercise price or the market price on the expiration date.

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