When a graphic is positioned in the line of text, thr graphic is positioned directly A. at the end of a paragraph
B. at the end of a margin
C. at the position of the insertion point
D. at the right margin

The answer to this question is option c:

at the position of the insertion point

You can also confirm it from the image attached.

Here in the attached image, the image is inserted in the middle of the text at the place where pointer is present.

So the image is placed at which every position you cursor or insertion point is.

It is neither in:

at the end of a paragraph

at the end of a margin

at the right margin