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AFP CTP Question # 55 Topic 6 Discussion

CTP Exam Topic 6 Question 55 Discussion:
Question #: 55
Topic #: 6

A put option is out of the money when the asset price:


A.

is less than the strike price.


B.

exceeds the strike price.


C.

is unchanged relative to the purchase price.


D.

is equal to the strike price.


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