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Check my work n January 1, 2022, Mills Corp. purchased a call option on shares of XYZ stock. Terms of the contract were as
Check my work n January 1, 2022, Mills Corp. purchased a call option on shares of XYZ stock. Terms of the contract were as follows: Number of shares: 100 Strike price: $220 per share Expiration date: April 30, 2022 Total cost of the option contract: $90 Seller of the option contract: First Investment Bank On January 1, 2022, XYZ stock was trading at $220 per share. The following additional information is known: On March 31, 2022, the price of XYZ stock was $240 per share. A market appraisal indicated that the time value of the option contract was $70. On April 5, 2022, the price of XYZ stock was $235 per share. A market appraisal indicated that the time value of the option contract was $60. On this date, Mills settled the option contract. What is the dollar value of call option in its March 2022 quarterly financial statements? Fill in the blank 1500
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