The current market price of a share of TSCO stock is $75. If a put option on this stock has a strike price of $79, the put

A. is in the money.
B. is out of the money and can be exercised profitably.
C. can be exercised profitably.
D. is out of the money.
E. is in the money and can be exercised profitably.


Answer: E

Business

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