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ABC owns nine call option contracts on XYZ Co. stock with a strike price of $25.66. The option premium is $1.45 and when ABC bought
ABC owns nine call option contracts on XYZ Co. stock with a strike price of $25.66. The option premium is $1.45 and when ABC bought the option, XYZ stock price was $24.90. What is the total intrinsic value of these options if the XYZ stock is currently selling for $22.70 a share? Each call option provides exposure to 100 shares. [ignore trading costs and taxes] Oprofit of $19.80 O profit of $18.35 O loss of $296.00 O loss of $39.69 O $0
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