An investor who purchases a call option: Has the right to buy a given stock at a

Question

An investor who purchases a call option:

Has the right to buy a given stock at a specified price during a designated time period.

Has the right to sell a given stock at a specified price during a designated time period.

Has the obligation to buy a given stock at a specified price during a designated time period.

Has the obligation to sell a given stock at a specified price during a designated time period.

None of the above.

Has the right to buy a given stock at a specified price during a designated time period.

Has the right to sell a given stock at a specified price during a designated time period.

Has the obligation to buy a given stock at a specified price during a designated time period.

Has the obligation to sell a given stock at a specified price during a designated time period.

None of the above.

Explanation / Answer

An investor who has a call option

Has the right to buy a given stock at a specified price during a designated time period.

Call option gives you right to buy the stock price at a given price

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