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Grand Limited buys an option that entitles it to purchase 4000 shares in Coody Limited at $8 per share at any time in the next

Grand Limited buys an option that entitles it to purchase 4000 shares in Coody Limited at $8 per share at any time in the next 6 months. The derivative financial instrument in this transaction is the:

A.

Option priced at $8.
B.

Shares in Grand Corporation Limited.
C.

Shares in Coody Limited.
D.

Price of the shares in Coody Limited after 6 months have elapsed

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