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You are purchasing call options. You have gathered the following information: Number of options purchased 1,100 Strike Price of Option $35.84 Option Price $5.04 Share

You are purchasing call options. You have gathered the following information: Number of options purchased 1,100 Strike Price of Option $35.84 Option Price $5.04 Share Market Price $37.52 Required (round all to 2 decimal places): Calculate the intrinsic value of each option. Calculate the speculative premium of each option. Assume the following changes: Share Market Price $41.44 Speculative premium $1.40 What would the new price be of each option

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