Multiple Choice
The fair market value of a near-month call option with a strike price of $45 is $5, when the stock is trading at $48.
Based on the preceding information, the call option:
A) has no intrinsic value currently.
B) is at the money.
C) is out of the money.
D) is in the money.
Correct Answer:

Verified
Correct Answer:
Verified
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