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When a share of stock in Allied Aluminum is selling for $25, a call option on Allied stock with a strike price of $28 is
When a share of stock in Allied Aluminum is selling for $25, a call option on Allied stock with a strike price of $28 is said to be:
A. Carried at basis.
B. Straddled.
C. Out of the money.
D. In the money.
E. Zero money.
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