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The exercise price on one of Boudreaux Company's call options is $16, its exercise value is $20, and its premium is $3. What are the
The exercise price on one of Boudreaux Company's call options is $16, its exercise value is $20, and its premium is $3. What are the option's market value and the stock's current price? Round your answers to the nearest cent.
The option's market value: $ The stock's current price: $Step by Step Solution
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