Question: 1 6 . A put option for which the stock price is $ 7 5 and the exercise or strike price is $ 8 0

16. A put option for which the stock price is $75 and the exercise or strike price is $80 is said to be:
a. in-the-money b. out-of-the-money c. at-the-money d. unexercisable
17. A call option for which the stock price is $90 and the exercise or strike price is $100 is said to be:
a. in-the-money b. out-of-the-money c. at-the-money d. unexercisable

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