A(n)__________ gives the person to whom it is granted the right to buy a certain number of shares at a fixed price for a fixed number of years during a period known as the __________ period which is not usually for more than __________.

Question

Quizplus · Accepted Answer

The question describes an option, not a call right. The period during which the option can be exercised is called the exercise period, not the redemption period. Options are commonly granted for periods of up to 10 years, not 12 months. Therefore, the best choice is D.

A(n)__________ Gives the Person to Whom It Is Granted the Right