A(n)[blank] gives the holder the right to buy a stated number of shares at a specified price for a limited time.

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A call option gives the holder the right to buy a stated number of shares at a specified price (known as the strike price) for a limited time. This is useful if the holder believes that the price of the underlying stock will increase, as they can purchase the shares at a lower price than they would have to pay if they bought them on the open market.

A(n)[blank] Gives the Holder the Right to Buy a Stated