- CFA Exams
- CFA Level I Exam
- Study Session 16. Derivatives
- Reading 49. Basics of Derivative Pricing and Valuation
- Subject 7. The Value of a European Option at Expiration
CFA Practice Question
The ______ of a ______ option has the right to sell 100 shares of common stock at a specified price for a given period of time.
A. owner; put
B. owner; call
C. writer; put
Explanation: Put: an option to sell 100 shares of common stock at a specified price for a given period of time.
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