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7 . A put option for which the stock price is $ 1 0 5 and the exercise or strike price is $ 1 0

7. A put option for which the stock price is $105 and the exercise or strike price is $100 is said to be:
a. in-the-money
b. out-of-the-money
c. at-the-money
d. unexercisable

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