In Exchange for the Rights Inherent in an Option Contract,the

Multiple Choice

In exchange for the rights inherent in an option contract,the owner of the option will typically pay a price

A) only when a call option is exercised.
B) only when a put option is exercised.
C) when either a call option or a put option is exercised.
D) at the time the option is received regardless of whether the option is exercised or not.