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5. A stock currently sells for $75 per share. A call option on the stock with an exercise price $70 currently sells for $5.50. The

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5. A stock currently sells for $75 per share. A call option on the stock with an exercise price $70 currently sells for $5.50. The call option is a. At-the-money. b. In-the-money. c. Out-of-the-money. d. At breakeven. e. None of the above

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