Answer:
Right; buy.
Step-by-step explanation:
The par value of a bond is its face value and it comprises of its total dollar amount as well as its maturity value. Also, the par value of a bond gives the basis on which periodic interest is paid. Thus, a bond is issued at par value when the market rate of interest is the same as the contract rate of interest. This simply means that, a bond would be issued at par (face) value when the bond's stated rated is significantly equal to the effective or market interest rate on the specific date it was issued.
In Economics, bonds could either be issued at discount or premium.
In financial economics, an option can be defined as a contract that gives an owner (buyer) of the option a right but not the obligation to buy (call) or sell (put) a specific amount (quantity) of an asset at a given price at a future time. They are bought and sold through retail brokers.
Hence, ownership of a call option entitles the owner to the right to buy a specific stock, on or before a specific date, at a specific price.