Question: A three - month HP put option with an exercise price of $ 1 0 0 sells for a premium of $ 1 2 .

A three-month HP put option with an exercise price of $100 sells for a premium of $12. The put is in the money only if the price of HP stock is ______________.
Group of answer choices
greater than $112 per share
less than $100 per share
greater than $100 per share
less than $88 per share

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