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

Question

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A call option is a financial contract that gives the holder the right, but not the obligation, to buy an underlying asset at a fixed price within a specific time frame. The holder of a call option can exercise the option to buy the asset if the market price of the asset exceeds the fixed price. This allows the holder to benefit from any appreciation in the asset's price without having to own it outright.

A ________ Is a Derivative Security That Grants the Owner