A(n)__________ Gives the Person to Whom It Is Granted the Right

Multiple Choice

A(n) __________ gives the person to whom it is granted the right to buy a certain number of shares at a fixed price for a fixed number of years during a period known as the __________ period which is not usually for more than __________.

A) call right; exercise; twelve months
B) option; redemption; twelve months
C) option; redemption; ten years
D) option; exercise; ten years