When the Exercise Price of an Option Is Equal to the Current

question 89

Multiple Choice

When the exercise price of an option is equal to the current price of the stock, the option is said to be ________.

• A) at-the-money
• B) in-the-money
• C) out-of-the-money
• D) none of the above

---

Definitions:

Red Cones

Photoreceptor cells in the retina that are sensitive to red light, playing a critical role in color vision.

Color-blind

A visual impairment in which an individual has difficulty distinguishing between certain colors, typically red and green or blue and yellow.

Protanopia

A type of color blindness where individuals have difficulty distinguishing between red and green colors.

Deuteranopia

A type of red-green color blindness caused by the absence of or defect in the green cone cells in the eye.