Kizspy | Question: 47
(Choose 1 answer)
An investor (a buyer) purchases a put option from a seller. On the expiration date of a put option, the buyer has the:
A. obligation to sell the underlying asset and the seller has the right to buy it.
B. obligation to sell the underlying asset and the seller has the obligation to buy it.
C. right to sell the underlying asset and the seller has the obligation to buy it.
D. right to buy the underlying asset and the seller has the right to sell it.
