[Solved] An option that gives the holder the right to sell a stock at a specified price at some future time is A) a put option. B) an out-of-the-money option. C) a naked option. D) a covered option. E) a call option. George Grenville: A British Whig statesman who served as Prime Minister of Great Britain from 1763 to 1765, known for his role in passing the Stamp Act, which contributed to the American Revolution. North American Colonies: The North American Colonies refer to the territories in North America that were colonized by European powers from the 16th century, leading to the formation of countries like the United States and Canada. Native Americans: Refers to the indigenous peoples of the Americas, present before the arrival of European explorers and settlers. Pontiac's Uprising: A rebellion led by the Ottawa leader Pontiac in 1763, uniting Native American tribes against British post-colonial policies in the Great Lakes region.