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When an investor purchases a put option, they a . have the right but are not required to sell the stock at a certain price.

When an investor purchases a put option, they

.

have the right but are not required to sell the stock at a certain price.

.

are required to buy the stock at a certain price.

.

are required to sell the stock at a certain price.

.

have the right but are not required to buy the stock at a certain price.

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