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:

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


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