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1 . 3 On 1 0 November 2 0 2 3 , an investor buys a call option to purchase the Glencore Plc share at

1.3 On 10 November 2023, an investor buys a call option to purchase the Glencore Plc share at a price of R6.30 with an exercise price of R58 on 10 January 2024. Glencore Plc is a Swiss multinational commodity trading and mining company with headquarters in Baar, Switzerland. Assume that the fair value of the share option on 31 December 2023 increased to R22.50.
a) At what share price will the investor break even on the purchase of the call?
b) If the share price of Glencore Plc is R75 on 31 December 2023, how much will the intrinsic value and time value on the call option be?
c) What are the three variables or inputs

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