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 the __________ period,which is not usually longer than __________.

A) call right; exercise; 12 months
B) option; redemption; 12 months
C) IRS option; redemption; 10 years
D) stock option; exercise; 10 years