The Owner of a Call Option Has The

Multiple Choice

The owner of a call option has the:

A) right but not the obligation to buy a stock at a specified price on a specified date.
B) right but not the obligation to buy a stock at a specified price during a specified period of time.
C) obligation to buy a stock on a specified date but only at the specified price.
D) obligation to buy a stock sometime during a specified period of time at the specified price.
E) obligation to buy a stock at the lower of the exercise price or the market price on the expiration datE.