An Option Whose Exercise Price Is Equal to the Spot

question 23

Multiple Choice

An option whose exercise price is equal to the spot rate is said to be:

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

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Definitions:

Follicles Development

The process involving the maturation of ovarian follicles, which can result in the release of an egg during the menstrual cycle.

Ovary

The female reproductive organ in plants and animals where eggs or ovules develop and hormones are produced.

Vulva

The external female genital organs, including the labia majora, labia minora, clitoris, and the openings of the urethra and vagina.

Vagina

The muscular tube leading from the external genitals to the cervix of the uterus in females, part of the female reproductive system.