You Own a July $15 Call on ABC Stock

question 102

Multiple Choice

You own a July $15 call on ABC stock.Assume today is April 20 and the call has zero intrinsic value.Which one of the following best describes this option?

• A)worthless
• B)unfunded
• C)expired
• D)in-the-money
• E)out-of-the-money

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Definitions:

Minimum Staff

The smallest number of employees required to operate a business or maintain its operations effectively and efficiently.

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Group Dynamics

The examination of psychological processes and behaviors that occur within or among social groups.