A Stock Currently Sells for $75 Per Share

question 2

Multiple Choice

A stock currently sells for $75 per share. A put option on the stock with an exercise price of $70 currently sells for $0.50. The put option is

• A) at-the-money.
• B) in-the-money.
• C) out-of-the-money.
• D) at breakeven.
• E) above-the-money.

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