Suppose the current spot rate for Canadian dollar is U.S. $ 0.7400. A put option...
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Suppose the current spot rate for Canadian dollar is U.S. $ 0.7400. A put option on Canadian dollar with an exercise price of U.S. $0.7550 and option premium $0.022 per Canadian dollar is said to be
A. in the money
B. a break-even option.
C. out of the money
D. at the money
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