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The buyer of a call option has the right to exercise the option, but the seller (writer) of the call option has the: choice to

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The buyer of a call option has the right to exercise the option, but the seller (writer) of the call option has the: choice to offset with a put option upon exercise. o oo obligation to deliver the shares at the exercise price. choice to deliver shares or take a cash payoff. obligation to deliver a put option upon exercise

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