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QUESTION 10 3 points A put option on a stock is said to be out-of-the-money if O a. the exercise price is higher than the

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QUESTION 10 3 points A put option on a stock is said to be out-of-the-money if O a. the exercise price is higher than the stock price O b, the exercise price is lower than the stock price O c. the exercise price is equal to the stock price O d. the price of the put is higher than the price of the call

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