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Charlotte purchased the September call option on Swiss francs with a strike price of $0.65/SF, paying a premium of $0.26/SF. When the spot rate is

Charlotte purchased the September call option on Swiss francs with a strike price of $0.65/SF, paying a premium of $0.26/SF. When the spot rate is $0.85/SF, is Charoltte's call option at-the- money (ATM), in-the-money (ITM), or out-of-the-money (OTM)? Why?

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