Stock XYZ is selling for $40 a share. An American put option on this stock with a strike price of $38 is trading at $5 per share. Which of the following statements is correct?

	a.	the put is in the money
	b.	you can make arbitrage profit by buying the put and exercising it immediately
	c.	you can make arbitrage profit by writing the put because it is priced above intrinsic value
	d.	the put is out of the money