A(n) _______ contract is an agreement that gives the owner the right, but not the obligation, to buy or sell a specific asset at a specified price for a specified time period.
A) Convertible
B) Futures
C) Stock
D) Option
E) Derivative

Question

Quizplus · Accepted Answer

An option contract gives the owner the right, but not the obligation, to buy or sell a specific asset at a specified price for a specified time period.

A(n) _______ Contract Is an Agreement That Gives the Owner