The current market price of a share of IBM stock is $195.00. If a call option on this stock has a strike price of $195.00, the call: 6. a. Is out of the money b. Is in the money c. s at the money. d. Would depend on what the option market is doing at that time. e. None of the above. 7. A put option on a stock is said to be out of the money if: The exercise price is higher than the stock price. The exercise price is less than the stock price. The exercise price is equal to the stock price. The price of the put is higher than the price of the call. The price of the call is higher than the price of the put. a. b. c. d. e. The current market price of a share of stock is $20.00. IF a put option on this stock has a strike price of $18.00, the put: 8. a. Is out of the money b. Is in the money Sells for a higher price than if the strike price of the put option was $23.00. d. c. Is out of the money and sells for a higher price than if the strike price of the put option was $23.00. e. Is in the money and sells for a higher price than if the strike price of the put option was $23.00. The current market price of a share of stock is $75.00. If a put option on this stock has a strike price of $7900, the put: 9. a. Is out of the money b. Is in the money c. Can be exercised profitably d. Is out of the money and can be exercised profitably e. Is in the money and can be exercised profitably f. None of the above