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Interest rate Caps, Floors, and Collars are respectively A. An upper level, a lower level, and a range of Interest rates O B. A range,

Interest rate Caps, Floors, and Collars are respectively

A. An upper level, a lower level, and a range

of Interest rates

O B. A range, an upper level, and a lower level of Interest rates

O C. An upper level, a range.

and a lower level of Interest rates.

O D. A lower level, an upper level, and a range of Interest rate

A PUT Option is

A. an obligation to accept delivery of the underlying security at the contract price.

B. a right but not an obligation to make delivery of the underlying security at the contract price.

C. an obligation to make delivery of the underlying security at the contract price.

D. a right but not an obligation to accept delivery of the underlying security at the contract price

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