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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.

I. greater than; in
II. less than; out
III. equal to; at

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I was very pleased with your notes and question bank. I especially like the mock exams because it helped to pull everything together.
Martin Rockenfeldt

Martin Rockenfeldt

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.