Question

Which one of the following combinations creates an in-the-money option?
A. underlying stock price is less than the strike price of a call
B. underlying stock price is $18 and the put has an exercise price of $15
C. underlying stock price is $22 and the call has an exercise price of $25
D. put strike price exceeds the underlying stock price
E. put price is equal to the call price

Answer

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