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The current market price of a share of Dell stock is $107. If a put option on this stock has a strike price of $110

The current market price of a share of Dell stock is $107. If a put option on this stock has a strike price of $110 and a premium of $8, the put

a.sells for a lower price than if the market price of Dell stock is $112.

b.sells for a higher price than if the market price of Dell stock is $112.

c.is at the money.

d.is out of the money.

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