A 35 Put Option on FKL Stock Expires Today

question 54

Multiple Choice

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

• A)at the money.
• B)out of the money.
• C)in the money.
• D)funded.
• E)unfunded.

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Definitions:

Inter Vivos Gift

A gift that is made by a person during his or her lifetime.

Mislaid Property

Items that are intentionally placed somewhere by the owner and then forgotten, differentiating it from lost or abandoned property.

Real Property

Land and anything permanently attached to it, such as buildings and fixtures, which is considered immovable.

Conditional Contract

A contract that becomes enforceable only on the happening or termination of a specified condition.