Suppose the current spot rate for the euro is $1.95. Which of the following is correct? A put option with an exercise price of $1.96 is said to be:
A. in the money
B. out of the money
C. at the money
D. past break even
Answer: A. in the money
Suppose the current spot rate for the euro is $1.95. Which of the following is correct? A put option with an exercise price of $1.96 is said to be:
A. in the money
B. out of the money
C. at the money
D. past break even
Answer: A. in the money