The Owner of a Call Option Has The

question 20

Multiple Choice

The owner of a call option has the:

• A)right but not the obligation to buy a stock at a specified price on a specified date.
• B)right but not the obligation to buy a stock at a specified price during a specified period of time.
• C)obligation to buy a stock on a specified date but only at the specified price.
• D)obligation to buy a stock sometime during a specified period of time at the specified price.
• E)obligation to buy a stock at the lower of the exercise price or the market price on the expiration date.

---

Definitions:

Research

Systematic investigation into and study of materials and sources in order to establish facts and reach new conclusions.

Business Message

Any form of communication used within a professional setting to convey information between individuals or organizations.

Supporting Sentences

Sentences in a paragraph that develop or explain the main idea presented in the topic sentence.

Specific Details

Particular pieces of information that are precise and focused on a certain aspect or topic.