问题
单项选择题
Consider a put option on Deter, Inc. , with an exercise price of $45. The current stock price of Deter is $52. What is the intrinsic value of the put option, and is the put option in-the-money, at-the-money, or out-of-the-money
A．
| A. $0, Out-of-the-money. |
B．
| B. $7, At-the-money. |
C．
| C. $7, Out-of-the-money. |
答案
参考答案：A
解析：The option has an intrinsic value of $O, because the stock price is above the exercise price. Put value is Max (0, X- S). Equivalently, the option is out-of-the-money.