Which one of the following statements correctly describes your situation as the holder of a European call option?
A) You are obligated to buy if the option is exercised.
B) You have a right to sell.
C) You have a right to buy but only on the expiration date.
D) You are obligated to sell if the option is exercised.
E) You have a right to buy at any time before the option expires.
Correct Answer:
Verified
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