Question: A stock has a spot price of $ 2 6 . Its May call options have a strike price of $ 2 8 and a

A stock has a spot price of $26. Its May call options have a strike price of $28 and a premium of $1.60. We say these options are
Multiple Choice
in the money.
out of the money.
at the money.
overpriced.
cannot tell from the information provided.

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