Question

Difference between right and obligation in finance

Answer 1

Call options: Right to buy versus obligation. An option is a financial instrument whose value is derived from an underlying asset. Purchasers of call options gain the right to buy the underlying asset, or stock, at a predetermined strike price on or by a predetermined expiration date.

Answer 2

the digit of a positive number of three digit are in AP and their sum in 15 . the number obtained by reversing the digit is 595 less than the original number find the number