[Solved] Which of the following statements is true? A) When one writes a naked call option it means they do not own shares of the underlying stock. B) When one writes a naked call option it means they do own shares of the underlying stock. C) Buying or selling naked options is an example of hedging. D) Buying or selling naked options is an example of speculation. E) Both (a) and (d) are true. Subgroup: A smaller subset within a larger group, often sharing common characteristics or interests. Extrinsic Benefits: Benefits that are external to the job itself, such as salary, employee benefits, or flexible working hours. Persuasive: Refers to something designed to convince or influence someone's opinions or actions. Competitive Prices: Pricing strategies designed to offer goods or services at rates that are attractive when compared to those of competitors.