Felicia purchased an option which she can exercise anytime within the next six months. Which type of option did she purchase

Felicia purchased an option which she can exercise anytime within the next six months. Which type of option did she purchase?    A.  market-ready B.  portable C.  daily D.  European E.  American Refer to section 24.1

6.	Brad purchased an option that he can only exercise on the final day of the option period. Which type of option did he purchase?    A.  European B.  American C.  inflexible D.  dated E.  pointed Refer to section 24.1

7.	Which of the following grants its owner the right to purchase an asset at a stated price? I. American call II. European call III. American put IV. European put    A.  I only B.  I and II only C.  I and III only D.  II and IV only E.  III and IV only Refer to section 24.1

8.	The owner of a put option has the _____ an asset at a fixed price during a stated period of time.    A.  right to sell B.  right to buy C.  obligation to sell D.  obligation to buy E.  obligation to trade Refer to section 24.1

9.	Which one of the following terms applies to the value of an option on its expiration date?    A.  strike price B.  upper limit C.  deadline price D.  time value E.  intrinsic value Refer to section 24.2