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The buyer of a call option has the choice to exercise, but the writer of the call option has: a. the obligation to call the

The buyer of a call option has the choice to exercise, but the writer of the call option has:

a.

the obligation to call the shares in.

b.

the obligation to deliver the shares at exercise.

c.

the choice to offset with a put option.

d.

the choice to deliver shares or take a cash payoff.

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