Question: (Sp) Answer the following questions completely: A. What does it mean by saying that an option is in the money? When is a call or

 (Sp) Answer the following questions completely: A. What does it mean

(Sp) Answer the following questions completely: A. What does it mean by saying that an option is in the money? When is a call or a put option in the money? B. What does a short put option mean? When is the loss of a short put option the highest possible

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