An option that gives the holder the right to purchase an underlying security only at the end of a fixed period for a fixed price is an

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This is an example of a European call option, as it gives the holder the right to purchase the underlying security at a fixed price only at the end of a specific period. An American call option would allow the holder to exercise their right at any time before expiration, while put options give the holder the right to sell the underlying security rather than purchase it.

An Option That Gives the Holder the Right to Purchase