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Assume a call and a put on the euro with the same exercise price of 1.0846/. If the spot price is $1.0855/, _______ both the

Assume a call and a put on the euro with the same exercise price of 1.0846/. If the spot price is $1.0855/, _______

both the call and the put are out of the money

both the call and the put are in the money

the put is out of the money and the call is in the money

the call is out of the money and put is in the money

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