In Working with ROPMs (Real Option Pricing Models)and Options Valuation,a

Multiple Choice

In working with ROPMs (real option pricing models) 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.
E) an obligation to sell an asset at a later date at a fixed price.