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Please share the correct option. Thanks On April 1, 2023, Gamma Corp. purchases a call option for $500, which gives Gamma the right to buy
Please share the correct option. Thanks
On April 1, 2023, Gamma Corp. purchases a call option for $500, which gives Gamma the right to buy 1,000 shares of Delta Inc. for $30 each until December 1,2023 . Delta Inc. shares are currently trading for $30. At June 30, 2023, the options are trading at $4,800 and the shares at $32 each. At December 1,2023 , the options expire with no value. The time value of the option at April 1, 2023 is $0. $500. $4,800. $30,000Step by Step Solution
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