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14. A stock is trading at $46.96 per share, and the 47.5 option is quoted at $5.60 bid and $6.00 ask. The next day the

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14. A stock is trading at $46.96 per share, and the 47.5 option is quoted at $5.60 bid and $6.00 ask. The next day the stock is up $2.87 on strong earnings. You see that the option had a theta of - 02 and a delta of 56. Based only on this information, how much extrinsic value should you expect the option's ask price to have? (Ctrl)

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