Multiple Choice
An option gives the buyer
A) The right but not the obligation to undertake the trade specified in the contract at maturity.
B) The obligation but not the right to undertake the trade specified in the contract at maturity.
C) The right to cancel the contract at any time prior to maturity.
D) The same obligation as in a forward contract.
Correct Answer:

Verified
Correct Answer:
Verified
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