Question: A call option with a strike price less than the current spot price is said to be _____. a. non-exercisable b. in-the-money c. out-of-the-money d.

A call option with a strike price less than the current spot price is said to be _____.

a. non-exercisable

b. in-the-money

c. out-of-the-money

d. at-the-money

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