1.Buyer of a call option in which the stock price is $60 and the exercise price is $65 is said to be

Select one:

a. in-the-money

b. out-of-the-money

c. at-the-money

d. deep in-the-money

e. none of the above

2.The advantages of the over-the-counter options market include all of the following except. Select one:

a. less government regulation.

b. supervision of Exchange

c. customized contracts.

d. privately executed.