Suppose the current spot rate for the euro is $1.94. Which of the following is correct? A call option with an exercise price of $1.95 is said to be:
A. in the money
B. out of the money
C. at the money
D. past break even
Answer: B. out of the money
Suppose the current spot rate for the euro is $1.94. Which of the following is correct? A call option with an exercise price of $1.95 is said to be:
A. in the money
B. out of the money
C. at the money
D. past break even
Answer: B. out of the money