Use the Following Information for Questions 20-23

question 71

Multiple Choice

Use the following information for questions 20-23.
On April 1, 2020, Gamma Corp. purchases a call option for $ 500, which gives Gamma the right to buy 1,000 shares of Delta Inc. for $ 30 each until December 1, 2020. Delta Inc. shares are currently trading for $ 30. At June 30, 2020, the options are trading at $ 4,800 and the shares at $ 32 each. At December 1, 2020, the options expire with no value.
-The intrinsic value of the option at April 1, 2020 is

• A) $ 0.
• B) $ 500.
• C) $ 1,000.
• D) $ 4,800.

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Definitions:

Achievement Goals

Objectives that individuals strive to attain to demonstrate competence or mastery in a particular area.

Biological

Relating to the processes and phenomena of living organisms or their parts.

Dialectical Contradiction

A situation or concept in which two opposite ideas or forces exist, leading to conflict but also potential change or resolution.

Hierarchic Interaction

A concept referring to an organized manner in which entities interact within a system, emphasizing levels of control or importance.