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    Exam 7: Foreign Currency Derivatives: Futures and Options
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    An Option Whose Exercise Price Is Equal to the Spot
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An Option Whose Exercise Price Is Equal to the Spot

Question 23

Question 23

Multiple Choice

An option whose exercise price is equal to the spot rate is said to be:


A) in-the-money.
B) at-the-money.
C) out-of-the-money.
D) on-the-spot.

Correct Answer:

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