Question: What obligation does a put option writer have if the option buyer/owner exercises the put? (Please be specific and go beyond take the other side

  1. What obligation does a put option writer have if the option buyer/owner exercises the put? (Please be specific and go beyond take the other side of the transaction)

The put option writer is obligated to _______________ the currency at the _________________ price from the put owner on the ________________ date.

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