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18. Exhibit 14.5 USE THE INFORMATION BELOW FOR THE FOLLOWING PROBLEM 19. O 20. a The current stock price of Zanco Corporation is $50. Zanco

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18. Exhibit 14.5 USE THE INFORMATION BELOW FOR THE FOLLOWING PROBLEM 19. O 20. a The current stock price of Zanco Corporation is $50. Zanco Corporation has the following put and call option prices with exercise prices at $45 and $50. 21. o 22. 23. Exercise Price $45 $50 Put Price $1.50 $3.75 Call Price $6.75 $4.25 24. 0 25. O 26. O 27. 28. Refer to Exhibit 14.5. The intrinsic value for the call option with a $45 exercise price is a. $5.25. b. $5.00 O c. $1.50. O d. $6.75. 29. 30. O e. $0.00

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