Question 3 0.5pts Select which best describes the rights and/or responsibilities given a European style option if someone is: a BUYER of one PUT contract on stock currentlypriced@29 having a strike of 25 with time to expiration of 3 months. This person has the right to sell the stock at expiration for 25 per share If the stock is priced above the strike at expiration, e.g. 28, this person will be obligated to sell it for 25 per share. If the stock is priced at 29 at expiration, this person would be obligated to sell it for 25 per share. This person has the right to buy the stock at expiration for 25 per share This person is obligated to buy the stock at expiration for 25 per share