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A 6 - month call option on Meyers Inc.'s stock has a strike price of $45.00 and sells in the market for $8.25. Meyers' current

A 6 - month call option on Meyers Inc.'s stock has a strike price of $45.00 and sells in the market for $8.25. Meyers' current stock price is $49.00. What is the option's exercise value? a. $4.70 b. $3.50 c. $4.00 d. $5.15 e. $4.35

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