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Which of the following statements best describes an out-of-the-money put option? Question 27 options: a) The market price of the underlying asset is above the

Which of the following statements best describes an out-of-the-money put option?

Question 27 options:

	a) The market price of the underlying asset is above the exercise price
	b) The market price of the underlying asset is less variable than that of the market portfolio
	c) The market price of the underlying asset is below the exercise price
	d) The market price of the underlying asset is more variable than that of the market portfolio

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