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

Question

Quizplus · Accepted Answer

A call option gives the owner the right to buy an asset at a fixed price (strike price) for a specified period of time (expiration date), but the owner is not obligated to actually buy the asset.

A _____ Is a Derivative Security That Gives the Owner