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On 1 May 20X4 XYZ invests in 102 call options for Fantasy Travel Limited shares. The options have an exercise price of $56 per share,

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On 1 May 20X4 XYZ invests in 102 call options for Fantasy Travel Limited shares. The options have an exercise price of $56 per share, and will expire on 30 April 20X6. Price for each option is $9. Fantasy Travel Limited's shares price on 1 May 20X4 is $62. The balance sheet date for XYZ Ltd is 30 June. XYZ Ltd accounts for its financial instruments using fair value through profit and loss. Other data: Date Share Price Option price 20 30 June 20X4 66 30 June 20X5 82 24 What is the value of the options on 30 June 20X5? PLEASE ENTER YOUR ANSWER IN WHOLE NUMBERS WITH NO COMMAS OR DOLLAR SIGNS (EG $1,000,000 SHOULD BE SHOWN AS 1000000; -$1,000,000 SHOULD BE SHOWN AS - 1000000). Answer: 0 X

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