Carie opted to exercise her May option on April 3rd and rece

Carie opted to exercise her May option on April 3^rd and received $1,750 in exchange for her shares. She must have owned a(n):

Multiple Choice

warrant.

American call.

American put.

European put.

European call.

Answer:American put

An American option allows the holder to exercise their right at any time prior to the contract\'s maturity date,
Put Option: also referred to as puts, this contract gives the holder the right to sell the security at the strike
price before the maturity date.