Select which best describes the rights and/or responsibilities given a European style option if someone is: a HOLDER of one PUT contract on stock currently priced @ 70 having a strike of 65 with time to expiration of 2 months. This person is obligated to buy the stock at expiration for 65 per share This person has the right to buy the stock at expiration for 65 per share If the stock is priced above the strike at expiration, e.g. 67, this person will be obligated to sell it for 65 per share. This person has the right to sell the stock at expiration for 65 per share If the stock is priced at 70 at expiration, this person would be obligated to sell it for 65 per share