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A Stock Currently Sells for $75 Per Share

Question 51

Multiple Choice

A stock currently sells for $75 per share.A call option on the stock with an exercise price $70 currently sells for $5.50.The call option is

A) At-the-money.
B) In-the-money.
C) Out-of-the-money.
D) At breakeven.
E) None of the above.

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