A 6-Month Call Option on Romer Technologies' Stock Has a Strike

question 4

Multiple Choice

A 6-month call option on Romer Technologies' stock has a strike price of $45 and sells in the market for $8.25.Romer's current stock price is $48.What is the exercise value of the option?

• A)$3.00
• B)$3.75
• C)$4.69
• D)$5.86
• E)$7.32

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Definitions:

Address

The specific location of a piece of data in memory, represented numerically.

Array

An array is a data structure consisting of a collection of elements, each identified by at least one array index or key.

Array Address

The memory location of the first element in an array, from which the positions of subsequent elements can be calculated.

Function

A block of organized, reusable code that is used to perform a single, related action within a program.