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Basic Question 15 of 18
A call option that has a strike price ______ its market price is said to be ______ -the-money.
II. less than; out
III. equal to; at
I. greater than; in
II. less than; out
III. equal to; at
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Learning Outcome Statements
determine the value at expiration and profit from a long or a short position in a call or put option
contrast forward commitments with contingent claims
CFA® 2025 Level I Curriculum, Volume 5, Module 2.