1) Which of the following statements is false? A. A call option gives the owner the right to buy the asset B. A put option gives the owner the right to sell the asset C. A financial option contract gives the writer the right (but not the obligation) to purchase or sell an asset at a fixed price at some future date. D. A stock option gives the holder the option to buy or sell a share of stock on or before a given date for a given price. 2) The writer of a call option has: A. The obligation to sell a security for a given price B. The obligation to buy a security for a given price C. The right to sell a security for a given price D. The right to buy a security for a given price 3) The holder of a put option has: A. The obligation to sell a security for a given price B. The right to buy a security for a given price C. The right to sell a security for a given price D. The obligation to buy a security for a given price 4) All of the following will have a positive effect on the value of a financial option, except: A. Higher volatility of the value of the underlying asset B. A greater intrinsic value of the option (more in the money) C. A longer time till the expiration of the option D. The more the option is out of the money