A Put Option on Snapple Beverage Has an Exercise Price

question 36

Multiple Choice

A put option on Snapple Beverage has an exercise price of $30. The current share price of Snapple Beverage is $24.25. The put option is ________.

• A)at the money
• B)in the money
• C)out of the money
• D)knocked out

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Definitions:

Frustration

A negative emotional state that arises when one is prevented from reaching a desired outcome or goal.

Anxiety

An emotion of concern, anxiety, or discomfort regarding something whose result is not known.

Permanent Damage

Long-lasting harm that cannot be fully repaired, affecting physical structures or biological systems.

Painful Knee Surgery

A surgical procedure on the knee that is associated with significant discomfort or distress.