P14.2 Gillette is trading at $31.11. Call options with a strike price of $35 are priced at

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P14.2 Gillette is trading at $31.11. Call options with a strike price of $35 are priced at $0.30.

What is the intrinsic value of the option, and what is the time value?

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Fundamentals Of Investing

ISBN: 9781442532885

3rd Edition

Authors: Lawrence J. Gitman, Michael D. Joehnk, Scott Smart, Roger Juchau, Donald Ross, Sue Wright

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