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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 $35.10. The current price

This morning, you purchased a call option on Schoolhouse Supply Co. stock that expires in one year. The exercise price is $35.10. The current price of the stock is $48.70 and the risk-free rate of return is 4.1 percent. Assume that the option will finish in the money. What is the current value of the call option?

a) $16.95

b) $14.98

c) $13.88

d) $13.08

e) $17.73

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