1. A put option contract on shares of Company ABC has an exercise price of $25. The option is in the money when the share price of Company ABC is: a. $20. b. $25. c. $30. 2. Which of the following is true? a. The writer of a call or put option may exercise the right to sell or buy an asset. b. A put option gives the holder an obligation to sell an asset by a certain date for a certain price. c. The holder of a futures contract must hold the contract until expiration. d. A call option gives the holder the right to buy an asset by a certain date for a certain price