An instrument that gives the holder the right to purchase a certain number of shares of a firm's common stock at a specified price over a certain period is known as a(n):

Question

Quizplus · Accepted Answer

The instrument described in the question is a stock purchase warrant, which gives the holder the right to purchase a certain number of shares of a firm's common stock at a specified price over a certain period. The other choices listed are different types of loans or debt instruments and do not match the description provided in the question.

An Instrument That Gives the Holder the Right to Purchase