Question: A put option on British pounds has a strike (exercise) price of $1.57. The present exchange rate is $1.53. This put option can be referred

A put option on British pounds has a strike (exercise) price of $1.57. The present exchange rate is $1.53. This put option can be referred to as:

a.

out of the money.
b.

at a discount.
c.

in the money.
d.

at the money.

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