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An investor (a buyer) purchases a call option from a seller. On the expiration date of a call option, the buyer has the: O

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An investor (a buyer) purchases a call option from a seller. On the expiration date of a call option, the buyer has the: O right to buy the underlying asset and the seller has the obligation to sell it. O obligation to buy the underlying asset and the seller has the obligation to sell it. O right to sell the underlying asset and the seller has the right to buy it. O obligation to sell the underlying asset and the seller has the right to buy it.

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