In June 2017,an Investor Buys Call Options on Amgen Stock

question 25

Multiple Choice

In June 2017,an investor buys call options on Amgen stock with an exercise of price of $65 and expiring in January 2019.If the stock price in June 2018 is $60,then these options are:
i.in-the-money; II) out-of-the-money; III) a LEAPS option

• A)I only
• B)II only
• C)III only
• D)II and III only

---

Definitions:

Separate

To set or keep apart; to divide or segregate items, individuals, or elements from a group.

Business Letter

A formal document often used for communication between companies, or between a company and its customers, clients, or other external parties.

Enclosures

Physical spaces or structures that are enclosed or areas where documents are attached to correspondence.

Exclamation Mark

A punctuation mark (!) used after an interjection or exclamation to indicate strong feelings or high volume.