1. How do you find the price of a put if the underlying price is $20 and your strike price is $25? A) In the Money B) At the Money C) Out the Money 2. When is the price of an option said to be At the Money? A) When the underlying price is higher than its exercise price B) When the underlying price is equal to its exercise price C) When the underlying price is lower than its exercise price 3. If you sell a call, do you pay or collect the premium? A) Pay the premium B) Charge the premium C) Can't know 4. If you buy a put, do you pay or collect the premium? A) Pay the premium B) Charge the premium C) Can't know