The Current Market Price of a Share of CSCO Stock

Multiple Choice

The current market price of a share of CSCO stock is $75. If a put option on this stock has a strike price of $70, the put

A) is out of the money.
B) is in the money.
C) sells for a higher price than if the market price of CSCO stock is $70.
D) is out of the money and sells for a higher price than if the market price of CSCO stock is $70.
E) is in the money and sells for a higher price than if the market price of CSCO stock is $70.