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A six-month ABC put option with an exercise price of $60 sells for a premium of $8. The put is in the money if the

A six-month ABC put option with an exercise price of $60 sells for a premium of $8. The put is in the money if the price of ABC stock is ___________.

A. less than $60 per share

B. less than $52 per share

C. greater than $60 per share

D. greater than $68 per share

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