A Put Option Gives Its Owner the _________ an Asset

question 118

Multiple Choice

A put option gives its owner the _________ an asset at the price within the option period.

• A) right, but not the obligation, to buy
• B) right, but not the obligation, to sell
• C) right to borrow
• D) obligation to buy
• E) obligation to sell

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Definitions:

Surrealism

An artistic movement that sought to release the creative potential of the unconscious mind, often through bizarre or dream-like imagery.

Dada

An early-20th-century art movement prompted by a revulsion against the horror of World War I. Dada embraced political anarchy, the irrational, and the intuitive. A disdain for convention, often enlivened by humor or whimsy, is characteristic of the art the Dadaists produced.

Photomontage

A composition made by pasting together pictures or parts of pictures, especially photographs. See also collage.

Marcel Duchamp

A French-American artist associated with Dadaism and Surrealism, known for his innovative contributions to art, including the concept of the readymade.