A ____________ is a derivative security that gives the owner the right, but not the obligation, to sell an asset at a ﬁxed price for a speciﬁed period of time.

Question

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A put option is a derivative security that gives the owner the right to sell an asset at a fixed price (the strike price) for a specified period of time, but not the obligation to do so. This allows the owner to potentially profit from a decline in the price of the asset.

A ____________ Is a Derivative Security That Gives the Owner