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Questions (20-23) are based on the Information that follows. Cartux Corp. stock trades (s) at $75 per share. Possible year end values are Spr-$48 and

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Questions (20-23) are based on the Information that follows. Cartux Corp. stock trades (s) at $75 per share. Possible year end values are Spr-$48 and Sur-5118;r-08.T - 1 year from now time to maturity. Call and put options with the same strike price and expiration dates are available. The quoted option prices are given below. Strike Price $78 per shure Per Share Put Price? Per Share Call Price=$17.54 21. Given the quoted option premiums above. what should be the time value (approximate) of the call option, on a per share basis? (a) $20.54 (b) $0.00 (c) $17.54 (d) $14.54 (e) $.51

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