What Is the Meaning of "Out-Of-The-Money Warrants

Question 81
Multiple Choice

What is the meaning of "out-of-the-money warrants"? A)Warrants are out-of-the-money if the market price of the share exceeds the exercise price. B)Warrants are out-of-the-money if the market price of the share is less than the exercise price. C)Warrants are out-of-the-money if the market price of the share equals the exercise price. D)Warrants are out-of-the-money when the market price means that it will be exercised.