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An in-the-money put option is one that: A. Has the exercise price (exchange rate) greater than the spot price (exchange rate) B. Has the exercise

An in-the-money put option is one that:

	A.	Has the exercise price (exchange rate) greater than the spot price (exchange rate)
	B.	Has the exercise price (exchange rate) less than the spot price (exchange rate)
	C.	Has the exercise price (exchange rate) equal to the spot price (exchange rate)
	D.	Should not be exercised at expiration

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