Solved

The Buyer of a European Call Option Has The

Question 32

Multiple Choice

The buyer of a European call option has the:

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

Correct Answer: