Question: What is an option? Question content area bottom Part 1 A. It is a contract that gives the holder the right to acquire an instrument

What is an option? Question content area bottom Part 1 A. It is a contract that gives the holder the right to acquire an instrument at a pre-specified price. B. It is a contract that gives the holder the right to buy or sell something at a specified price. C. It is a contract that is derived from some other underlying quantity, index, asset or event. D. It is a contract that gives the holder the right to sell an instrument at a pre-specified price

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