[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. Owner's Capital Account: An equity account on the balance sheet representing the total amount of investment made by the owner(s) in the company, including profits retained in the business. Balance Sheet Accounts: These are the financial accounts that appear on the balance sheet, including assets, liabilities, and equity accounts, representing the financial position of a company at a specific point in time. Permanent Accounts: Financial accounts whose balances are carried over into the next accounting period, including assets, liabilities, and equity accounts. Real Accounts: Accounts that represent assets, liabilities, and equity, which are not closed at the end of the accounting period and carry over their balances.