An option that grants the right,but not the obligation,to sell shares of the underlying asset on a particular date at a specified price is called:
A) either an American or a European option.
B) an American call.
C) an American put.
D) a European put.
E) a European call.

Question

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The Answer of An option that grants the right,but not the obligation,to sell shares of the underlying asset on a particular date at a specified price is called:
A) either an American or a European option.
B) an American call.
C) an American put.
D) a European put.
E) a European call.

An Option That Grants the Right,but Not the Obligation,to Sell