of the following describes a futures contract? ser) has the right (but not the obligation) to buy a stock 10. Which of the following des A) The owner (buyer) has ther or asset) at a specific price. B) The owner has the right but specific price. C) The owner has the obligation to buy er has the right (but not the obligation) to sell an asset at a has the obligation to buy an asset at a specific price. D) The owner has the obligation to sell an asset at a specs une obligation to sell an asset at a specific price