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This morning, you purchased a call option on Schoolhouse Supply Co. stock that expires in one year. The exercise price is $45.10. The current price

This morning, you purchased a call option on Schoolhouse Supply Co. stock that expires in one year. The exercise price is $45.10. The current price of the stock is $62.70 and the risk-free rate of return is 3.6 percent. Assume that the option will finish in the money. What is the current value of the call option?

  • $18.07

  • $19.17

  • $17.27

  • $21.14

  • $21.92

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