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