The current market price of a share of a stock is $80. If a put option on this stock has a strike price of $75, the put
A. is in the money.
B. is out of the money.
C. sells for a lower price than if the market price of the stock is $75.
D. is in the money and sells for a lower price than if the market price of the stock is $75.
E. is out of the money and sells for a lower price than if the market price of the stock is $75.
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