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The KAR ETF currently trades at $103 per share. A put option on KAR that has a strike price of $94 and will mature on

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The KAR ETF currently trades at $103 per share. A put option on KAR that has a strike price of $94 and will mature on November 20 trades at $3. Which of the following statements is correct? Assume exercise at maturity. A. The put option payoff would be zero if KAR's share price is $90 at maturity. B. The put option is in-the-money. O C. If the put option is at-the-money at maturity, the rate of return on the option investment will be 0%. D. The rate of return on the put option would be equal to the return on a call with the same strike if KARs share price is $94 at maturity

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