Select the correct statements regarding derivatives. A put option gives its holder the right to buy an asset for a specified exercise price on or before a specified expiration date The sale of a futures contract gives the seller the obligation to sell an item at a specified price. A call option gives the buyer the obligation to buy an asset for a specified exerc.se price on or before a specified expiration date. A long position on a futures contract gives the buyer the obligation to boy an nor at a specified price. I & II only I, II & III only I, II & IV only, II & III only, II & IV only