In mid-September, the stock of Amazon.com, Inc. (AMZN) is selling for $147.A January call option on the stock is selling for $6.10 and has a strike price of $160. This call option is:
A) at the money.
B) in the money.
C) out of the money.
D) overpriced. No one should pay $6.10 for the right to buy a share of stock for $160 when its current market price is only $147.
Correct Answer:
Verified
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