Question: At what point does a long currency put option on a foreign currency become in the money? Select one: When the spot value of the

At what point does a long currency put option on a

At what point does a long currency put option on a foreign currency become in the money? Select one: When the spot value of the foreign currency becomes greater than the option's exercise price When the spot value of the foreign currency becomes greater than (the option's exercise price minus the premium paid) When the spot value of the foreign currency becomes less than the (the option's exercise price minus the premium paid) When the spot value of the foreign currency becomes less than the option's exercise price When the spot value of the foreign currency becomes greater than the sum of the option's exercise price plus the premium pai When the spot value of the foreign currency becomes less than the sum of the option's exercise price plus the premium paid

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