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On 1 May 20X4XYZ invests in 101 call options for Fantasy Travel Limited shares. The options have an exercise price of $54 per share, and

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On 1 May 20X4XYZ invests in 101 call options for Fantasy Travel Limited shares. The options have an exercise price of $54 per share, and will expire on 30 April 206. Price for each option is $8. Fantasy Travel Limited's shares price on 1 May 204 is $64. 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: What is the value of the options on 30 June 205? 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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