In June 2007, an Investor Buys a Call Option on Amgen

Multiple Choice

In June 2007, an investor buys a call option on Amgen stock with an exercise of price of
$65 and expiring in January 2009. If the stock price in June 2003 is $60, then this option is:
I. in-the-money
II. out-of-the-money
III. a LEAPS

A) I only
B) II only
C) III only
D) II and III only