You Own a July $15 Call on ABC Stock

question 95

Multiple Choice

You own a July $15 call on ABC stock. Assume today is April 20 and the call has zero intrinsic value. Which one of the following best describes this option?

• A) Worthless
• B) Unfunded
• C) Expired
• D) In-the-money
• E) Out-of-the-money

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Definitions:

Interest Groups

Organizations formed by individuals sharing common objectives, seeking to influence public policy or decision-making.

Interchangeability

The quality of being able to be exchanged with something else without making any difference or loss of function.

Formal Organizational Designation

An officially recognized title, role, or position within an organization, typically assigned through a structured process.

Equitable Allocation

It refers to the fair and impartial distribution of resources or benefits among parties in a given context.