A Stock Is Selling for $33

question 37

Multiple Choice

A stock is selling for $33.13. A call option on the stock has a strike price of $40. This option is

• A)out-of-the-money.
• B)at-the-money.
• C)far-in-the-money.
• D)in-the-money.

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Definitions:

Shareholder Interest

Refers to the stakes or investments that shareholders have in a company, encompassing financial gains, company governance, and decision-making influence.

Creditors Of Partnership

Individuals or entities that a partnership owes money to.

Sole Owners

Individuals or entities that are the exclusive legal proprietors of a business, property, or any asset.

Purported Partner

A purported partner is someone who acts as though they are a partner in a business, either intentionally or by implication, potentially creating liability as if they were a true partner.