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4. Amber purchased the August call option on Swiss francs with a strike price of $0.64/SF, paying a premium of $0.27/SF. When the spot rate
4. Amber purchased the August call option on Swiss francs with a strike price of $0.64/SF, paying a premium of $0.27/SF. When the spot rate is $0.86/SF, is Amber's call option at-the- money (ATM), in-the-money (ITM), or out-of-the-money (OTM)? Why?
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