In Working with ROPMs and Options Valuation, a Call Option

Multiple Choice

In working with ROPMs and options valuation, a call option is a(n)

A) obligation to purchase an asset at a later date at a fixed price.
B) obligation to either purchase or sell an asset at a later date at a strike price.
C) right to purchase an asset at a later date at a strike price.
D) right to purchase or sell an asset at a later date at a fixed price.