An agreement that gives the holder the right, but not the obligation, to sell an asset at a specified price on a specific future date is a: A. call option. B. put option. C. swap.
A put option gives the holder the right to sell an asset at a specified price on a specific future date. A call option gives the holder the right to buy an asset at a specified price on a specific future date. A swap is an obligation to both parties.
