A 35 Put Option on ABC Stock Expires Today

question 84

Multiple Choice

A 35 put option on ABC stock expires today. The current price of ABC stock is $36. The put is:

• A) Funded.
• B) Unfunded.
• C) At the money.
• D) In the money.
• E) Out of the money.

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Definitions:

Electrolyte

A substance that produces an electrically conducting solution when dissolved in a polar solvent, such as water, essential for the operation of batteries.

Armature

In electrical engineering, the rotating coil or coils of a dynamo or electric motor.

Brushes

Components made of conductive material that transmit electrical current between stationary wires and moving parts, often found in motors and generators.

Commutator

A rotary electrical switch in certain types of electric motors and generators that periodically reverses the direction of current flow through the rotor.