Put option is now in-the-money or out-of-the-money

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Reference no: EM131606600

You hold one ‘at-the-money’ put option on a stock with 10 days to maturity. The next day the stock price increases. Explain in detail whether your put option is now ‘in-the-money’ or ‘out-of-the-money’? Why?

Reference no: EM131606600

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