see attachment

D. Question 1 1 pts Microsoft is trading at $280.95 today. Maggie bought a May 12 call option on shares of Microsoft with exercise price $290, which entitles her to purchase Microsoft for a price of $290 at any time up to and including May 12. She paid $10 for each call option. Maggie, the call holder, is not required to exercise it. She will exercise her options only if Microsoft' share price exceeds the strike price. If the share remains below the strike price until the expiration date, the option to buy will be left unexercised and becomes valueless. Answer the following: 1. A call option gives its holder the to purchase an asset for a specified price, called the or price, on or some specified expiration date. O a. Right, exercise, strike, before. O b. Obligation, exercise, strike, before. O c. Right, exercise, maturity, after. O d. Obligation, expiration, maturity, after