A Call Option on Japanese Yen Has a Strike (Exercise)

question 77

Multiple Choice

A call option on Japanese yen has a strike (exercise) price of $.012. The present exchange rate is $.011. This call option can be referred to as:​

• A) ​in the money.
• B) ​out of the money.
• C) ​at the money.
• D) ​at a discount.

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Definitions:

Gametophyte

The sexual phase in the life cycle of plants and algae that produces gametes.

Sporophyte

Diploid generation of the alternation-of-generations life cycle of a plant; produces haploid spores that develop into the haploid generation.

Fertilization

The process by which a sperm cell and an egg cell unite, resulting in the formation of a zygote, marking the beginning of a new organism's development.

Sporangia

Structures in fungi, algae, and plants where spores are formed and stored, playing a key role in reproduction and dispersal.