Answered step by step
Verified Expert Solution
Question
1 Approved Answer
A call option has an exercise price of $67. The call option is trading for $11.6. What is the intrinsic value of the option if
A call option has an exercise price of $67. The call option is trading for $11.6. What is the intrinsic value of the option if the stock price is currently 75?
A. | $0.0 | |
B. | $3.6 | |
C. | -$8.0 | |
D. | $8.0 |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started