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A call option on a single share of St. Margaret Beer Co.'s common stock has a market price of $9.76 and expires in six months.
A call option on a single share of St. Margaret Beer Co.'s common stock has a market price of $9.76 and expires in six months. The option has an exercise, or strike, price of $82.00, and the current stock price is $89.71. Select the correct exercise value and option premium for this call option in the following table: Exercise Value Option Premium Suppose the stock's price fell to $80.11 and the option's market price fell to $3.01. Indicate the option's new exercise value and the new value of the option premium in the following table: New Exercise Value New Option Premium
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