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An investor purchases a put option with a strike price of $100 for $3.This option is considered "in the money" if the underlying is trading:
Partnership
A legal form of business operation between two or more individuals who share management and profits.
Professional Corporation
A business entity formed by licensed professionals, such as lawyers or doctors, allowing them to provide their services through a corporate structure.
Sole Proprietorship
A form of business owned and operated by one person who is solely responsible for all its operations and debts.
Attorneys
Licensed professionals who are authorized to practice law, representing and advising clients in legal matters.
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