Mr. Kings, a high school physics teacher, has been asked to teach calculus. Even though he is certified to teach high school mathematics, he has not taught that specific subject in several years. To act in accord with his professional responsibilities, Mr. Kings should -

Which of the following correctly describes a repurchase agreement? the sale of a security with a commitment to repurchase the same security at a specified future date and a designated price. the sale of a security with a commitment to repurchase the same security at a future date left unspecified, at a designated price. the purchase of a security with a commitment to purchase more of the same security at a specified future date.