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Select which best describes the rights and/or responsibilities givenz European style option if someone is: a HOLDER of one CALL contract on stock currently priced

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Select which best describes the rights and/or responsibilities givenz European style option if someone is: a HOLDER of one CALL contract on stock currently priced @ 30 having a strike of 27 with time to expiration of 2 months. If the stock is priced above the strike at expiration, e.g. 29, this person will be obligated to sell it for 27 per share. If the stock is priced at 30 at expiration, this person would exercise their right to sell it for 27 per share. This person is obligated to buy the stock at expiration for 27 per share This person has the right to sell the stock at expiration for 27 per share This person has the right to buy the stock at expiration for 27 per share

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