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2. The following option prices were listed for the Jennings Corporation on August 29: Jennings Corporation Call option prices NI Close Strike Price September October
2. The following option prices were listed for the Jennings Corporation on August 29: Jennings Corporation Call option prices NI Close Strike Price September October $46 $40 7.50 7.85 $46 $45 1.50 1.85 $46 $50 0.25 0.50 a. From the call options above, identify those that are in the money and those that are out of the money." b. Explain why the September option with a strike price of $50 has value. c. Explain why the October options have prices or premiums that are higher than those for the September options
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