Last Week,you Purchased a Call Option on Denver,Inc

question 48

Multiple Choice

Last week,you purchased a call option on Denver,Inc. stock at an option price of $1.05. The stock price last week was $28.10. The strike price is $27.50. What is the intrinsic value per share if Denver,Inc. stock is currently priced at $29.03?

• A) -$1.05
• B) $0
• C) $.48
• D) $.93
• E) $1.53

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