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A European put option on Pfizer (PFE) has a strike of $30. Describe whether the option is in-the-money (ITM), out-the-money (OTM), or at-the-money (ATM) in

A European put option on Pfizer (PFE) has a strike of $30. Describe whether the option is in-the-money (ITM), out-the-money (OTM), or at-the-money (ATM) in the following scenarios:

The intrinsic value of the put is $1.

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