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In a call options contract, the

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5 years ago

In a call options contract, the

In a call options contract, the
A) seller has the obligation to deliver the instrument at a specified time.
B) buyer has the obligation to receive the instrument at a specified time.
C) seller may choose whether or not to deliver the instrument at a specified time.
D) buyer will choose to exercise his option only if the value of the underlying security falls.

Textbook

Money, Banking, and the Financial System

Edition: 3^rd

Authors: Hubbard, O'Brien

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