An investor (the buyer) purchases a put option from a seller. On the expiration date of a call option:
A) the buyer has the obligation to sell the underlying asset and the seller has the right to buy it.
B) the buyer has the obligation to sell the underlying asset and the seller has the obligation to buy it.
C) the buyer has the right to sell the underlying asset and the seller has the obligation to buy it.
D) None of the above
Correct Answer:
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