13&23

Problem 13 Intro You bought 50 call option contracts for $1.57 per option. The options have a strike price of $83 and the current stock price is $82.76 Assume that the stock price is $84.31 after 3 months. The stock did not pay any dividends. Attempt 3/8 for 10 pts Part 1 What is your profit (in $)? + decimals Submit Problem 23 Part 1 Attempt 3/3 for 8 pts. Which of the following statements are true about the value of an option? Check all that apply As the price of the underlying asset increases, the value of a call option approaches its intrinsic value. Before option expiration, the actual value of an option is greater than its intrinsic value. The value of a call option increases when the price of the underlying asset increases Before option expiration, the value of an out-of-the-money call option is equal to zero At option expiration, the time value of an in-the-money call option is always equal to zero Submit