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    Intermediate Accounting Study Set 14
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    Exam 15: Financial Instruments: Complex Debt and Equity
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    An Option Is
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An Option Is

Question 79

Question 79

Multiple Choice

An option is:


A) The right to buy or sell something in the future.
B) A debt instrument.
C) An obligation to buy something in the future.
D) An obligation to sell something in the future.

Correct Answer:

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