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An investor who purchases a put option: a. Has the obligation to buy a given stock...

An investor who purchases a put option:

a.

Has the obligation to buy a given stock at a specified price during a designated time period.

b.

Has the obligation to sell a given stock at a specified price during a designated time period.

c.

Has the right to buy a given stock at a specified price during a designated time period.

d.

Has the right to sell a given stock at a specified price during a designated time period.

e.

None of the above.

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Answer #1

Has the right to sell a given stock at a specified price during a designated time period.

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