Don Weaver purchased a call option on Dominic InC. with an exercise price of $20. Weaver paid $3.50 for the option, which is an American option that expires in 90 days. Dominic does not pay any dividend, and the stock is currently trading at $22 per share. The moneyness and intrinsic value of this option could be best described as: Moneyness Intrinsic Value ①A. in-the-money $1.50 ②B. in-the-money $2.00 ③C. out-of-the-money $1.50
A.