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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.

a break-even option.

B.

out of the money

C.

at the money

D.

in the money

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