The Owner of a Put Has

question 65

Multiple Choice

The owner of a put has

• A) the right and the obligation to buy an asset at a given price.
• B) the right and the obligation to sell an asset at a given price.
• C) the right but not the obligation to buy an asset at a given price.
• D) the right but not the obligation to sell an asset at a given price.

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Definitions:

Herring

A small, silver-colored fish found in the North Atlantic and Pacific Oceans, important for food and as bait in commercial fishing.

Opportunity Cost

The value of the alternative sacrificed when choosing one option over another.

Oranges

A citrus fruit that is a rich source of Vitamin C and is grown in warm climates worldwide, often consumed raw or as juice.

Peaches

A type of fruit with a fuzzy skin, sweet yellow or white flesh, and a stone or pit in the center.