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ABC, which closed at $151, has call options trading in April, July, and October with the following values. Assume ABC rises to $156, what is
ABC, which closed at $151, has call options trading in April, July, and October with the following values. Assume ABC rises to $156, what is the minimum price for April 150 call?
------------Calls-------------
Strike April July October
140 11.25 11.75 13.00
150 1.50 3.00 4.00
160 0.75 1.50 2.00
a. $5.00
b. $6.00
c. $7.00
d. $8.00
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