An American call option allows the buyer to:

$00$:$44$:$35$

Multiple Choice

sell the underlying asset at the exercise price on or before the expiration date, only.

buy the underlying asset at the exercise price on or before the expiration date, only.

sell the option in the open market prior to expiration, only.

sell the underlying asset at the exercise price on or before the expiration date and sell the option in the op

The current market price of a share of COCA COLA stock is $$50.$ If a call option on this stock has a strike price of $$45,$ the call:

$00$:$42-10$

Multiple Choice

is out of the money, only.

is in the money, only.

sells for a higher price than if the market price of COCA COLA stock is $$40,$ only.

is out of the money and sells for a higher price than if the market price of COCA COLA stock is $$40.$