Suppose it is July 10, and the current spot price of a Microsoft share is $40 . Rank the following call options from the most valuable to the least valuable
a. September 10 Microsoft call option with a strike price of $45/share.
b. September 10 Microsoft call option with a strike price of $40/share.
c. September 10 Microsoft call option with a strike price of $35/share.
Option C is more valuable than Option B, which (in turn) is more valuable than Option A. Option C is in-the-money, Option B is at-the-money, and Option A is out of the money.
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In which stage of the personal selling process would a salesperson say, "I'm able to give you a low introductory price if you place your order by the end of the week"?
A) preapproach B) close the sale C) prospecting D) overcoming objections E) follow-up