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
Group of answer choices:

a)sells for a lower price than if the market price of the stock is $75.
b)is in the money.
c)is in the money and sells for a lower price than if the market price of the stock is $75.
d)is out of the money and sells for a lower price than if the market price of the stock is $75.
e)is out of the money.