3. Peipsi Koola, Inc., common stock has a market value of 45.0 EUR. A two month put option available on Peipsi Koola stock has an exercise price of 47.00 EUR and is selling for an option premium of 7.00 EUR. The call is: A) In-the-money by 5.00 EUR. B) In-the-money by 2.00 EUR. C) Out-of-the-money by 5.00 EUR. D) None of the above