-Holders of "Quote K" have:
A) The right but not the obligation to purchase shares of CP.
B) The obligation to buy shares of CP is the option is exercised.
C) The right but not the obligation to sell shares of CP.
D) The obligation to sell shares of CP is the option is exercised.
E) +12 days to decide whether to buy or sell shares of CP at $60.00 a share.

Question

-Holders of "Quote K" have:
A) The right but not the obligation to purchase shares of CP. 
B) The obligation to buy shares of CP is the option is exercised. 
C) The right but not the obligation to sell shares of CP. 
D) The obligation to sell shares of CP is the option is exercised. 
E) +12 days to decide whether to buy or sell shares of CP at $60.00 a share.

Quizplus · Accepted Answer

The Answer of 
-Holders of "Quote K" have:
A) The right but not the obligation to purchase shares of CP. 
B) The obligation to buy shares of CP is the option is exercised. 
C) The right but not the obligation to sell shares of CP. 
D) The obligation to sell shares of CP is the option is exercised. 
E) +12 days to decide whether to buy or sell shares of CP at $60.00 a share.

-Holders of "Quote K" Have