Question
Use the following information to answer the question: Current stock price of MTC stock = P77 MTC stock price after 30 days = 80 MTC
Use the following information to answer the question:
Current stock price of MTC stock = P77
MTC stock price after 30 days = 80
MTC stock price after 45 days = 95
MTC stock price after 60 days = 80
MTC stock price after 75 days = 85
MTC stock price after 90 days = 70
Current price of European call option on MTC's stock with exercise price of P93 with 90 days to expiration = P2.00
Current price of European put option on MTC's stock with exercise price of P82 with 60 days to expiration = P6
Risk free rate = 5%
Required: What is the payoff to the call option holder on day 90?
Round off final answer to two(2) decimal places, exclude currency sign and include comma as separator.
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