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A put option on a stock is said to be out-of-the-money if a. the exercise price is higher than the stock price b. the exercise

A put option on a stock is said to be out-of-the-money if a. the exercise price is higher than the stock price b. the exercise price is lower than the stock price c. the exercise price is equal to the stock price d. the price of the put is higher than the price of the call

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