The Current Market Price of a Share of IBM Stock

question 48

Multiple Choice

The current market price of a share of IBM stock is $76. If a put option on this stock has a strike price of $80, the put

• A) is out of the money.
• B) is at the money.
• C) can be exercised profitably.
• D) is out of the money and can be exercised profitably.
• E) is in the money and can be exercised profitably.

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Definitions:

Leptin

A hormone produced by fat cells that helps to regulate energy balance by inhibiting hunger.

Melatonin

Melatonin is a hormone produced by the pineal gland that regulates sleep-wake cycles.

Psychoactive Drugs

Substances that can alter one's perception, mood, consciousness, cognition, or behavior by affecting brain function.

Euphoria

An intense state of happiness and well-being, sometimes beyond what is normally experienced.