1. An investor paid $10 for an option that is currently in-the-money $5. If the underlying is priced at $90, which of the following best describes that option?
A. Call Option with an exercise price of $80
B. Call option with an exercsie price of $95
C. Put option with an exercise price of $95
2. Unless far out-of-the money or far in-the-money, for otherwise identical call options, the longer the term to expiration, the lower the price for
A. Both European Call Option and American Call options
B. American call options, but not European call options.
C. Neither European call options nor American call options