In your own words, define a call option, its benefits and how it works.
Your response should be at least 200 words in length. All sources used, including the textbook, must be referenced; paraphrased and quoted material must have accompanying citations.
Moffett, M. H., Stonehill, A. I., & Eiteman, D. K. (2012). Fundamentals of multinational finance. (IV ed., pp. 207-211). New York: Pearson.
(Moffett, Stonehill & Eiteman, 2012)
No Wiki, no dictionary.com, please cite all work.