A put option in which the stock price is $60 and the exercise price is $65 is said to be
a. in-the-money
b. out-of-the-money
c. at-the-money
d. exercisable
e. none of the above
Answer: A
A put option in which the stock price is $60 and the exercise price is $65 is said to be
a. in-the-money
b. out-of-the-money
c. at-the-money
d. exercisable
e. none of the above
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