Question 24:

An American call option gives the holder the right to:

A) purchase the underlying stock at the exercise price only on the expiration date.

B) sell the underlying stock at the strike price any time prior or on the expiration date.

C) purchase the underlying stock at a strike price at any time on or before the expiration date.

D) sell the underlying stock at the strike price only on the expiration date.

E) purchase the underlying stock at the market price on or before the expiration date.