1. A call option priced at $2 with a stock price of $30 and an exercise price of $35 allows the holder to buy the stock at: A. the obligation to buy something, B.

The obligation to sell something, C. The right to sell something, D. The right to buy something.

2.

Which one of the following is not a type of transaction cost in options trading?

	a.	the bid-ask spread
	b.	the comission
	c.	clearing fees
	d.	the cost of obtaining a quote