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Finance .
$ 6.00

Question 5- 2 pts

A call option on British pounds has a strike price of $1.70. A put option also has a strike price of $1.70. The current exchange rate is $1.60. Which of the following statements is correct?

The call option is out of the money
The call option is in the money
Both the call option and the put option are at the money
The put option is less valuable than the call option
none of the above
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