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The current price of a share of XYZs stock is $50. If a call option on this stock has a strike price of $55, the
The current price of a share of XYZs stock is $50. If a call option on this stock has a strike price of $55, the call____________.
A) is out of the money.
B) is in the money.
C) has a higher price than if the price of XYZs stock were $60.
D) A and C.
E) B and C.
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