Question: A three - month HP put option with an exercise price of $ 6 0 sells for a premium of $ 8 . The put

A three-month HP put option with an exercise price of $60 sells for a premium of $8. The put is in the money if the price of HP stock is ______________. a. greater than $68 per share b. greater than $60 per share c. less than $60 per share d. less than $52 per share

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