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Basic Question 8 of 18
The buyer of a call option has the choice to exercise, but the writer of the call option has ______.
B. the obligation to deliver the shares at exercise
C. the choice to deliver shares or take a cash payoff
D. the obligation to call the shares in
E. the choice of exercising the call or not
A. the choice to offset with a put option
B. the obligation to deliver the shares at exercise
C. the choice to deliver shares or take a cash payoff
D. the obligation to call the shares in
E. the choice of exercising the call or not
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I am using your study notes and I know of at least 5 other friends of mine who used it and passed the exam last Dec. Keep up your great work!
Barnes
Learning Outcome Statements
determine the value at expiration and profit from a long or a short position in a call or put option
contrast forward commitments with contingent claims
CFA® 2025 Level I Curriculum, Volume 5, Module 2.