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    Exam 21: Option Applications and Corporate Finance
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    When the Exercise Price of a Call Option Is Lower
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When the Exercise Price of a Call Option Is Lower

Question 43

Question 43

Multiple Choice

When the exercise price of a call option is lower than the current price of the stock, the option is said to be ________.


A) at-the-money
B) in-the-money
C) out-of-the-money
D) none of the above

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