The Holder of a Put Option Has

question 47

Multiple Choice

The holder of a put option has:

• A)the obligation to sell a security for a given price.
• B)the right to buy a security for a given price.
• C)the right to sell a security for a given price.
• D)the obligation to buy a security for a given price.

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Definitions:

Atom Contains

Atoms consist of a nucleus made of protons and neutrons, surrounded by electrons in orbital shells.

Atomic Number

The atomic number is equal to the number of protons (positively charged particles) in the nucleus of an atom.

Element

A pure chemical substance consisting of one type of atom distinguished by its atomic number.

Nucleus

The central and most important part of an atom, containing protons and neutrons and almost all of its mass.