Question

The buyer of a bond put option

A. receives a premium in return for standing ready to sell the bond at the exercise price.

B. receives a premium in return for standing ready to buy bonds at the exercise price.

C. pays a premium and has the right to sell the underlying bond at the agreed exercise price.

D. pays a premium and has the right to buy the underlying bond at the agreed exercise price

E. pays a premium and has the obligation to buy the underlying bond at the agreed exercise price

Answer

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