The owner of a call option has the:
A) right but not the obligation to buy a stock at a specified price on a specified date.
B) right but not the obligation to buy a stock at a specified price during a specified period of time.
C) obligation to buy a stock on a specified date but only at the specified price.
D) obligation to buy a stock sometime during a specified period of time at the specified price.
E) obligation to buy a stock at the lower of the exercise price or the market price on the expiration datE.
Correct Answer:
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