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Suppose the current spot rate for Canadian dollar is U.S. $ 0.7400. A put option on Canadian dollar with an exercise price of U.S. $0.7550

Suppose the current spot rate for Canadian dollar is U.S. $ 0.7400. A put option on Canadian dollar with an exercise price of U.S. $0.7550 and option premium $0.022 per Canadian dollar is said to be

A. in the money

B. a break-even option.

C. out of the money

D. at the money

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