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26. The right, but not the obligation, to purchase an asset at a specified price is called a: A. put option. B. call option. C.

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26. The right, but not the obligation, to purchase an asset at a specified price is called a: A. put option. B. call option. C. futures contract D. primary contract. E. fixed-income security 27. The right, but not the obligation, to sell an asset at a specified price is called a: A futures contract B. call option. C. specific contract. D. put option E. primary sale contract. 28. The specified price which will be paid for one unit of the underlying asset when a call option is exercised is called the price. A. market B. stock C. strike D. future E. obligated 29. If you want the right, but not the obligation, to sell a stock at a specified price you should: A. buy a call. B. sell a call. C. buy a put. D. sell a put. E. either sell a call or buy a put. =

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