An Investor (The Buyer) Purchases a Call Option from a Seller

question 60

Multiple Choice

An investor (the buyer) purchases a call option from a seller. On the expiration date of a call option:

• A) the buyer has the obligation to buy the underlying asset and the seller has the obligation to sell it.
• B) the buyer has the right to buy the underlying asset and the seller has the obligation to sell it.
• C) the buyer has the obligation to buy the underlying asset and the seller has the right to sell it.
• D) None of the above.

---

Definitions:

Walks With Cane

The use of a cane as a support tool for ambulation, typically to improve balance and redistribute weight from a weak or injured leg.

Vegetable Garden

An area of land used for growing various vegetables for consumption, often part of a residential property or community space.

Nursing Assistive Personnel (NAP)

Individuals who provide patient care under the supervision of a registered nurse or licensed practical nurse, assisting with activities of daily living and other tasks.

Elderly Client

An older individual who may require special considerations or services in healthcare and social support contexts.