Explain the difference between call and put options. Does the buyer or the seller of an option

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Explain the difference between call and put options.

Does the buyer or the seller of an option pay the option premium? Why does the seller of an option take on the risk?                    Appendix

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An Introduction To Financial Markets And Institutions

ISBN: 978-0765622761

2nd Edition

Authors: Maureen Burton ,Reynold F. Nesiba ,Bruce Brown

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