A put option _____ at the ﬁxed price during a stated period of time.

Name: A put option _____ at the ﬁxed price during a stated period of time.
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Question

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A put option grants the option buyer the right, but not the obligation, to sell an asset at a fixed price during a stated period of time. This means that the option buyer has the option to sell the asset, but is not required to do so. Option writers, on the other hand, may be obligated to buy the asset if the option buyer chooses to sell.

A Put Option _____ at the ﬁXed Price During a Stated