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On 1 May 20X4 XYZ invests in 18456 call options for Fantasy Travel Limited shares. The options have an exercise price of $100 per share,

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On 1 May 20X4 XYZ invests in 18456 call options for Fantasy Travel Limited shares. The options have an exercise price of $100 per share, and will expire on 30 April 20X6. Price premium for each option is $25. Fantasy Travel Limited's shares price on 1 May 20X4 is $132.

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
30 June 20X4 146 34
30 June 20X5 131 24
30 April 20X6 150 43

What is the value of the options at the time when XYZ Ltd exercises the options on 30 April 20X6?

DO NOT ROUND UP THE ANSWER. PLEASE SHOW CALCULATION.

On 1 May 20X4 XYZ invests in 18456 call options for Fantasy Travel Limited shares. The options have an exercise price of $100 per share, and will expire on 30 April 20X6. Price premium for each option is $25. Fantasy Travel Limited's shares price on 1 May 20X4 is $132. 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 30 June 20X4 146 34 30 June 20X5 131 24 30 April 20X6 150 43 What is the value of the options at the time when XYZ Ltd exercises the options on 30 April 20X6? 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)

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